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Page. 3 . 


PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 


Paris, Tuesday, November 1, 1994 


Aid Is Taken ‘Hostage’ 
In Rwandan Camps 

People Behind Earlier Massacres 
Terrorise Refugees and Divert Relief 


By Raymond Bonner 

New York Times Service 

GOMA, Zaire — From the former 
president and generals down to village 
mayors and militias, the men who 
planned and carried out the massacre of 
tens of thousands of Rwandans earlier 
this year are now terrorizing hundreds 
of thousands erf refugees who fled the 
civil war and are living in squalid camps 
here, refugees and relief workers say. 

Young toughs control the distribu- 
tion of relief food, which they steal in 
bulk and then sell, while the most needy 
— pregnant women, children, the sick 
and the elderly — are pushed aside. 

In the camps, the former leaders, 
members of the Hutu ethnic group who 
were defeated by the Tutsi-led Rwan- 
dan Patriotic Front, are conducting a 
campaign of rumors and terror to keep 
the refugees from going home. 

The refugees are also Hutu, but by 
keeping them here the former Rwandan 
leaders hope to deprive the new govern- 
ment of legitimacy. At the same time, 
the army of the former government has 
regrouped and is preparing to mount 
another war. 

“The refugee population has been 
taken hostage by its former leaders,” 
said Mario Goethals, director of Doc- 
tors Without Borders-Belgium, an aid 
group that led the fight against cholera 
in the camps last summer and still has a 
hundred doctors here. 

Relief groups are also hostages, he 
said, because to do anything requires 
working through the former leaders. 

The situation has reached the point 
where Doctors Without Borders and 
other nongovernmental organizations 
are thinking about polling out. 

Joel Boutroue, director of operations 


here for the UN High Commissioner for 
Refugees, has described the ethical 
problems that he says are “haunting** 
both nongovernmental and UN aid 
workers. 

In a recent memorandum to the agen- 
cy’s headquarters in Geneva he wrote: 

. “The fact that we are indirectly as- 
sisting several thousand persons with a 
bloody past and eventually helping 
them lo regain strength for future mili- 
tary activities is not a happy thought, 
but it is a fact.'* 

Because of “the seriousness of the 
charges against some segments of the 
population in the camps as well as the 
prospects of renewed militar y activities 
by these same elements.” Mr. Boutroue 
wrote, the refugee agency had been 
compelled to “radically reconsider’* its 
programs. 

“We may be better off withdrawing.” 
he said. 

Relief groups often find themselves 
dealing with unsavory leaders. In Soma- 
lia, for example, the aid effort has sus- 
tained the various faction leaders, Mr. 
Goethals said. 

“What disting uishes this situation 
from others is mat there was a geno- 
cide,’' he said. “This makes it morally 
different You ask yourself. Are you 
going to continue supporting, indirect- 
ly, what happened in Rwanda?” 

“It doesn't have anything to do with 
politics,” Mr. Goethals said about the 
discussion among relief agencies about 
whether to withdraw. “It's about ethics 
and morality, about the highest human 
values we have.” 

More than 70 nongovernmental relief 
organizations have staff at the camps in 
Zaire. Every day, huge cargo planes 

See RWANDA, Page 8 






mm 









« * 1 


1 vx-'jti 


Kenneth D. Lyira/Tbe Autfcuied Pre» 


NOT A MIRAGE — Troops waiting under a mural of an F-15 fighter jet Monday at Langley Air Force Base in 
Hampton, Virginia, as they prepared to ship out for the Guff region, where the ISO soldiers wffl help onload ships. 


EU Holds First Talks With Eastern Europeans on Membership 


By Tom Buerkle - 

iniematwnaf Herald Tribune - 

LUXEMBOURG —The European Union held its 
first substantive discussions about eventual member- 
ship with the countries of Eastern Europe on Monday 
in a meeting that the former Soviet satellites hope will 
lead to their full acceptance in the West by the end of 
the decade. 

“The challenge that confronts us is an enormous 
one.” said Foreign Minister Klaus Kinkel of Germa- 
ny, which has pressed hardest to bring its eastern 


neighbors into the Union. “We must bring Europe 
together and create t new political order Tor Europe u* 
a whole.” 

The meeting on Monday was the first among for- 
eign ministers since the Union agreed earlier in Octo- 
ber to schedule regular meetings with the Eastern 
countries to prepare for membership. Officials said 
the talks focused on practical details and avoided the 
harsh debates over membership timetables that have 
characterized earlier, more symbolic gatherings. 

Foreign Minister Andraq Olechowski said Poland 


needed an “implicit ti.merabl-r" for membership, pref- 
erably by the year 2uG0, _.'ii coulJ adjust ii* laws to 
the requirements of the EU single market at an appro- 
priate pace. 

No formal agreements were struck Monday, but if 
EU minis ters can agree to the details of a membership 
strategy at a meeting in Brussels on Nov. 2S. Germany 
is likely to invite Eastern heads of government to a 
meeting in Essen on Dec. 9 and 10 to sign a deal 
officials said. 

Sir Leon Briuan, the high-profile commissioner 


No. 34,734 


who has led the drive to bring the East into the Union, 
said the session produced "a quantum leap” in those 
efforts. 

The talks were partly overshadowed, however, by 
the ElTs own disarray on the handling of policy 
toward the East after Sir Leon was stripped of his 
authority over the weekend. 

After threatening resignation. Sir Leon announced 
that he would stay on in the post of trade commission- 
er after meeting with Prime Minister Jacques Santer of 
Luxembourg. 


Algerians 
Call Election 
For President 
By End of ’95 

Step, Shortening Term, 
Appears to Be a Gesture 
To BannedlskunicFront 


Compiled by Our Staff From Dispavka 

ALGIERS — President Li amine Zer- 
oual, struggling against a Muslim funda- 
mentalist insurgency, announced Monday 
that a presidential election would take 
place in Algeria by the end of 1995. 

The announcement, which would cut 
Mr. Zer oual’s term by at least one year, 
appeared to be a gesture by the military- 
backed government to Muslim fundamen- 
talists, who were denied an election victory 
in January 1992. 

The resulting conflict has left more than 
10,000 people dead, including 68 foreign- 
ers, and cost billions of dollars. 

‘'The moment has come to remove the 
obstacles to people's expression and to 
allow them to speak directly,” Mr. Zeroual 
said. “I’ve decided that the presidential 
elections will take place before the end of 
1995.” 

Mr. Zeroual made the announcement 
during his first broadcast speech to the 
nation, marking the 40tb anniversary of 
the be ginning of the six-year war for inde- 
pendence against France. 

Over the weekend, the president issued a 
statement after months of talks with politi- 
cal parties, many in effect acting as surro- 
gates for the banned Islamic Salvation 
Front. 

“In spite of all the efforts, the positions 
between the different parties and between 
the parties and the state, including the 
position of the banned party, remain far 
apart,” the statement said. 

Presidential elections had not been due 
until the end of 1996, after a hastily con- 
trived presidential council was put togeth- 
er when the general election was canceled 
and the then-president. Chadli Bendjedid. 
resigned. The council, whose leader and 
head of state, Mohammed Boudiaf, was 
assassinated six months later, said at the 
time that it would rule up to the normal 
expiration of Colonel Bendjedid's term. 

The Zer wa* r^vemrn rnt l et, j*: * - 
nounce any plans for parliamentary vot- 
ing. In December 1991, the Islamic Front 
took a majority share of seats in the first 
round of parliamentary voting. The runoff 
planned in January 1992 was canceled. 

Mr. Zeroual, who took office in Febru- 
ary for what was to be a three-year term, 
said he would dedicate his efforts to pre- 
pare “the conditions for a return to the 
electoral process." (AP. Reuters) 


Muslim Gains 
In Bosnia Mask 
Vulnerabilities 


By John Pomfret 

Washington Pan Service 

BUGOJNO, Bosnia- Herzegovina — As 
Emir Muslimovic crept up a boulder- 
strewn knoll overlooking the town of 
Kupres last week and pounced on the back 
of a Bosnian Serbian fighter old enough to 
be his fa ther and slit bis throat, two 
thoughts powered him: going home and 
getting even. 

Mr. Muslimovic and seven other sol- 
diers. in the mostly Muslim Bosnian Army 
seized the artillery observation post from 

the rebel Serbs easily and without gunfire. 

T A comrade killed another Serb by collaps- 
ing his skull with a rifle-butt jab to the 
face. Other Serbs fled in disarray. Then 
orders came to halt the advance. 

“It wasn’t good to kill them, especially 
that old man," Mr. Muslimovic said, fash- 
ioning a cigarette from notebook paper 
and imiddv tobacco ami d the squalor of a 
slit trench in a mountainous forest aflame 
with the colors of fall “But they've been 
doing the same to us for too long.” 

The miniature victory on Hill 44, about 
20 kilometers (12 miles) outside the Mus- 
lim-held town of Bugqjno on the road to 
Serbian-controlled Kupres, was just one in 
a series of recent Muslim successes. As 
Bosnia's civil war enters its third winter, 
momentum seems to have swung — at 
least for the moment — to the Muslims. 

From a one-sided slaughter in which 
heavily armed forces of the Bosnian Serbs 
foiled back Muslim troops at will, the war 
has changed to a set of pitched battles m 
Bosnia’s wilderness. Lightly armed bands 
°f government troops increasingly harass 
and occasionally defeat thinly stretched 
Serbian toughs. At a recent briefing. Unit- 
ed Nations intelligence officers said Mus- 
lim forces, sometimes no larger than a 
company of 100 men, were attacking Ser~ 

See ARMY, Page 8 


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Kiosk 

Angola Rivals 
Initial Accord 

LUSAKA, Zambia (AFP) — Ango- 
lan government and rebel negotiators 
Monday initialed a peace agreement 
designed lo end 20 years of civil war. a 
United Nations spokesman said. 

Peace talks in the Zambian capital of 
Lusaka have dra gg ed on since Novem- 
ber of last year. The United Nations 
had set Monday as the deadline for 
agreement. 

The formal si gning and proclamation 
of a cease-fire is expected by Nov. 15. 

German Grime Spree 

BONN (AP) — Two armed prison 
escapees seized three batches of hos- 
tages and robbed a bank on Monday in 
a cross-country crime binge that began 
with the kidnapping erf two police offi- 
cers in Stuttgart and led at least 500 
police officers on a daylong chase. The 
gunmen eluded the police, fleeing into 
Eastern Germany. 



The Foreign-Exchange Party Winds Down 



Book Review 
Chess - 


Page 9. 


SOCKS ONLY — Secretary of 
State Christopher leaving a mosque 
os Monday in Casablanca. Page 8. 


Fast-Money Crowd 
Moves Elsewhere 


By Erik Ipsen 

International Herald Tribune 

LONDON — In the foreign-exchange 
market, the undisputed leviathan of the 
world’s financial markets, where billions 
of dollars* worth of currencies change 
hands every day, the mood is bleak. 

After two years as a source of staggering 
profits to speculators and of annoyance to 
finance ministers and central bankers who 
ate their economic game plans in order to 
defend their currencies from the wrath of 
the market, this year the market itself is 
quivering. 

Suddenly bored by nine months of ma- 
jor losses or meager profits, the fast-money 
crowd — the leveraged hedge funds and 
other purely speculative players — have 
decamped, taking their billions with them. 

“It would be unduly optimistic and 
hopeful to say that this is a shift of the 
moment,” said an executive at a large pri- 
vate bank in London who began to rede- 
ploy people and capital away from the 
foreign-exchange market last June. 

The effects of those quiet withdrawals 
are evident in a market that unites banks. 


Down 

22.54 


Up 

0.74% 


*’kx-x. 3ss - 

The Dollar 

New York. Mmtl riosa 


Mon. ck»a 
1.5034 
1.6355 
96.90 
S.1465 


Dollar falls in New York. Page 12. 


investment managers and what market 
professionals call “end users" — compa- 
nies that need foreign currencies to buy or 
sell goods across boundaries — into a 
seemless 24-hour-a-day electronic bazaar 
that is estimated to process a trillion dol- 
lars annually. 

“These are the most illiquid markets f 
have ever seen,” said Paul Chertkow, a 
veteran currency strategist with Union 
Bank of Switzerland in London. 

The lack of liquidity belies the headlines 
erf new postwar lows for the dollar, and of 
soaring values for the yen and for the 
Deutsche mark. Currency traders grouse 
about a “trendless” year, and about the 
notable absence of winning bets. 

Christian Dunis, head of research and 


foreign exchange trading at Chemical 
Bank in London, acknowledges that for 
the “man on the street" who has seen the 
dollar fall from 1.72 DM at the beginning 
of the year to around 1.50 DM now, this 
may all seem illogical. The problem, he 
says, is that the dollar moves “one or two 
big figures" one day and then gives most of 
it back the next. 

The big money in the forex market is 
made on a sustained, shaip move in one 
direction. Today's players have lo content 
themselves with relatively smaller win- 
nings on far tighter ranges of fluctuation. 

Increasingly, speculators and even the 
biggest currency-trading commercial 
banks are shifting their resources else- 
where — to such markets as commodities 
or bonds, where the potential for profit is 
much larger. 

Some analysts blame the exodus partly 
on a market that had simply grown over- 
crowded and over-extended. 

Bankers are notorious for their herd 
instincts, said Richard Layard-Leisching, 
director of research at Pareio Partners, a 
currency-management firm. 

Early this year, when the dollar con- 
founded the overwhelming consensus by 
beading south and then holding to that 
course in fits and starts, the losses began to 

See FOREX, Page 8 * 


Italy’s Fugitives Leave Glamorous Trail Fright for Christian Right 


By Alan Cowell 

New York Tima Service 

ROME —In the end, the bulky overcoat and floppy hat were 
not enough to hide the movie-star lodes of Ferdmando Mach di 

Pahnstein as his pursuers moved in. 

“Good morning, Signor Mach, one of them said as the 
fugitive Italian financier ventured from an ™ 

Bonlevard Saint-Germain in Pans on Sunday to bi£ the Man 
newspapers from a comer kiosk, coaly to find himseU 
thHtafian plainclothes policeman who had just bid him good 

*k“How did you find me?” he was said to have replied, a dichi to 

end wGi had teen one of the most tantahzmg tales to emerge 

d^fhave^raimplicated in the scandal and non than 700 sent 
Sr trial The imbroglio, indeed, produced a political revolution. 
SH investigations have produ«d open <xm- 

mntewvn the Strates and Prime Minister Silvio Bfflus- 
coni, whose Fimnwft business empire and whose brother Pao o 

teT^titSn, there has been nothing to match the 
,® u jhifwcH-heeled fugitives like Mr. Mach di Palm stan, 
SSASStal “JB? Mm* big moiwy and secret 
accounts, titles and treachery. 


There was, for instance, the Countess Francesca Vacca Agusta 
from Pbrtofino and her much younger friend, Maurizio Raggio, 
who took flight in October to avoid investigation, possibly to 
Monte Carlo, or London, or was it Mexico? 

Gianfranco Troielli, a forma insurance executive, is said to be 
hi ding out on the Indian Ocean coastline in Kenya — or was it 
Tanzania? 

Then there is the best-known fugitive of all, former Socialist 
Prime Minister Bcttino Craxi, self-exiled in a Mediterranean 
villa in the Tunisian resort of Hammamet, implicated in count- 
less corruption cases and denying any persona) corruption at all. 

But, by some accounts, the investigators believe that Mr. Mach 
di Pahnstein, 47, was among the most important of all, the 
youthful financial manager of Mr. Craxi’s Socialist Party, facing 
five arrest warrants on charges of taking kickbacks related to 
Italian Hurd World development aid and other contracts. His 
nickname, newspapers reported Monday, was “Mr. Six-per- 
cent,” the rake-off purportedly charged on contracts. 

Mr. Mach di Palmstein, whose name reflects his family’s Swiss 
origins, disappeared in early 1993 after a judge signed an anesl 
warrant accusing him of collecting and banking bribes on behalf 
of the Socialist Party. 

Then began a hunt that led plainclothes agents halfway 
See SCANDAL, Page 8 


Halloween Vilified as Pagan Holiday 


By Laurie Goodstdn 

Washington Pen Service 

WASHINGTON — Halloween once 
had a beloved place in the pantheon of 
American holidays, as wholesome as 
Thanksgiving turkey or Fourth of July 
fireworks. But some concerned Chris- 
tians are peeking under Halloween's 
mask and seeing Satan — and persuad- 
ing many schools, churches and homes 
around the country to alter drastically 
or shut down altogether their holiday 
celebrations. 

Schools in Howard County, Mary- 
land, notified parents this year not to 
send their children to class dressed as 
ghosts or witches, and black cat decora- 
tions are disappearing from classrooms. 
Elementary schools in Ohio and New 
York replaced the traditional parties 
and parades for Halloween, which was 


Monday night, with a “Harvest Festi- 
val” celebration and a “Read Across 
America Week.” 

Churches in Atlanta and Sacramento, 
California, that once created elaborate 
haunted houses as fund-raisers instead 
held “Hallelujah Night,” where the 
child with the best biblical costume gpt 
the biggest prize. 

All of which suggests that in the 
1990s, even Halloween has become a 
battleground in the conflict over family 
values. 

“We hear so much about the sup- 
posed separation of church and state 
and how Christianity has no place in the 
schools,” read a recent newsletter of 
Citizens for Excellence in Education, a 
conservative organization based in Cos- 

See SPOOKED, Page 8 




Page2 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, NOVEMBER 1, 1994 


Hindu Wives Fast for Day So Husbands May Prosper 


By Molly Moore 

Washington Post Service 

NEW DELHI —“Have you 
seen it? Have you seen it?" 
asked an expectant Kamia 
Handa, bending over her baJ- 
' cony rail 

“No, Tm still searching for 
. iC* replied the young woman 
on the street below, her head 
tilted skyward. 

“Oh, it’s always late,” 
sighed the 50-something 
housewife as she massaged her 
temples and sank onto a near- 
by chair where she could main- 
tain her vigil 

In every direction, on every 
rooftop and balcony, residents 
of the Munirka neighborhood 
craned their necks toward the 
heavens. Restless men paced 
the streets, eyes straining in 
the darkness. Entire families 
gathered on terraces, searching 
the cluttered horizon. Women 
stood at their windows, staring 
hard into the night sky. 

And suddenly, the hours of 
waiting were over. At 9:50 
P.JVL, a large chunk of Hallow- 
een-orange moon slipped from 
behind the concrete-block 
apartments and shone down 
on dozens of women on dozens 
of balconies and terraces who 
raised their arms in praise, 
tossing droplets of water and 
grains of rice to the celestial 
body that had come to release 
them from an arduous day's 
fast. 

Their spiritual nourishment 
complete, they disappeared 
into their homes to gorge on 
trays of sweets. 

The Festival of Karva 
Chauth, held once every au- 
tumn on the fourth day after 
the full moon, had reached its 
dramatic conclusion. In Hindu 
religion and culture, this is the 
most important day of the year 
for a married woman. It is the 


day the truly devout wife will 
take no food, no water and no 


take no food, no water and no 
tea from the moment the stars 


disappear in the morning sky 
until the moon rises in the noc- 


un til the moon rises in the noc- 
turnal heavens. It is the day on 
which she beseeches the gods 
to grant her husband a Tong 
life, that she may not die a 
widow. 

“You talk to any Indian 
lady, and they will say they 
want to die in their husband's 
arms, that his life should be 
longer than hers," said Nir- 
mala Goyal, 37, who has been 
keeping the fast all 19 years 
she has been married. “We 
look at the moon because the 
moon lives forever, and my 
husband’s life should be as 
long as the moon shines on die 
world." 

In traditional Hindu soci- 
ety, there is no fate worse than 
to be left a widow. At the very 
least, widows — even those 
from urban, middle-class fam- 
ilies — are forbidden to wear 
bangles and the decorative 
bhineti dot between their eyes, 
vermilion in their hair and the 
bright-colored saris of a mar- 
ried woman. At worst, in some 
rural villages, widows are often 
cast (Hit of their homes by their 
families, left to spend the rest 
of their lives begging for mon- 
ey and food to subsist. In both 
societies, a woman’s identity is 
so intertwined with her hus- 
band's that she fears becoming 
a nonentity on his death. 

Therefore, for Mrs. GoyaL 
her mother before her and her 
grandmother before her, hus- 
bands are to be revered, pam- 
pered and fasted over. 

But the newest generation of 
Goyal women, including Payal 
Goyal, 16, is beginning to 
question the ancient tradition. 

“My daughter sometimes 
asks me, “What about me. 



Agcacr Francr-Prenc 

ANNIVERSARY OF DEATH — Widows of Sikhs massacred in the backlash of Prime Minister Indira Gandhi's 
assa s sin a ti on 10 years ago demonstrating in New Delhi Monday for actum against die killers. About 3,000 efied. 


Ma? You keep fast for my fa- 
ther, for my brother, why not 


ther, for my brother, why not 
for meT ” NirmaJa Goyal said. 

Because, Payal is told, that 
is not the custom or the cul- 
ture: Indian women, according 
to her grandmother, are sup- 
posed to enjoy suffering lor 
their men. 


husband died of cancer several 
years ago. “We’re happy to do 
it" 


“It is not a matter of pain 
for us that we’re starving our- 
selves For them," said Savitri 
Goyal, 62, who maintains her 
annual fast even though her 


It is debatable how much 
good all the fasting does. Eves 
factoring in India's high rate 
of infanticide and preference 
for sons, which skew the life- 
expectancy rate Tot women, 
the average Indian woman 
outlives the average Indian 
man by a year. She can expect 
to live for 62 years, compared 
with his 61. 


The most senior Goyal is 
disdainful of her granddaugh- 
ter’s attitude. “For my genera- 
tion, it was something pious,’’ 
Savitri Goyal said. “Every- 
body did it with faith in theur 
beans. This generation today, 
they don’t believe in anything 
— this festival or this fast" 


They may not believe in it, 
they may even mock it, but 
many young Indian women 
continue the tradition. 


“1 don’t think my fast is go- 


ing to prolong his life," said 
Abha Bharadwaj, 25, a newly- 
wed and an elementary-school 
teacher. “But it is a family tra- 
dition, and I don’t want to 
break it" 

Would Aral Bharadwaj, 28, 
do the same for Ins bride? 

“Why should I keep a fast 
for her?" the electronics engi- 
neer asked. “I keep her 
healthy; 1 give her love. That 
should be good enough. Be- 
sides, I cannot go hungry for 
her.” 


Home by Christmas? Troops in Haiti Want That Action, Too 


By Tod Robbereon 

> Washington Pest Service 

PORT-AU-PRINCE, Haiti 
— U.S. servicemen in Haiti say 
they fed betrayed and ignored 
by their c ommander in chief af- 
ter President Bill Clinton’s 
comments to U.S. troops in Ku- 
wait that they should expect to 
be home for Christmas. 

. “Clinton can go halfway 
around the world," said Private 
First Class Dan DeCristo, “but 
he can’t take a quick hop off the 
coast of Florida to come talk to 
us7 Hell, we were here first." 
Mr. DeCristo is with the 10th 
Mountain Division, which was 


deployed in Haiti on Sept 19 to 
help restore the country’s dem~ 


They got here first, and they're 
forgotten first” 

Senior U.S. officials said the 
16,000 service personnel in Hai- 
ti should not only cancel their 
holiday-season plans but even 
rethink Valentine’s Day and Sl 
P atrick's Day. 

Although no date had been 
set for a United Nations multi- 
national force to relieve the 
U.S. troops, the expectation 
had been December, after par- 
liamentary elections. A U.S. of- 
ficial said that target date is 
being pushed back to March 
because of political and logistic 
problems, including the Gkely 


dal envoy, Lakhdar Brahimi, 
said Saturday. 

That news, combined with 
Mr. Clinton's remarks in Ku- 
wait. has contributed to a seri- 
ous morale problem, according 
to various officers and enlisted 
personnel of the 10th Mountain 
Divirion interviewed in their 
makeshift barracks atop a for- 
mer garbage dump near the air- 
port m Port-au-Prince. 

In the past tew days many of 
the troops have begun to realize 
that a December departure was 
not likely, while Mr. Clinton's 


remark in Kuwait only remind- 
ed them that no s imilar assur- 
ances were made for them. 


average is 11.6 suicides per 


100,000 personnel. Captain 
Blanchard said he bad already 


Captain Jeremy Blanchard, 
an army physician, said be was 
preparing for a sudden increase 
in visits by soldiers looking for 
medical excuses to return home. 
“There’s going (o be real diffi- 
cult discipline problems,” be 
said. “Wives are going to get 
upset back home.” 


Already, three Americans as- 
signed to Haiti have committed 
suicide. The military’s annual 


Blanchard said he bad already 
sent six other soldiers home. 
Others have had their weapons 
confiscated for fear they might 
harm themselves, he added. 

News of a post-December de- 
parture date would likely add to 
the trend. Captain Blanchard 
said. “That’s when people are 
going to start looking tor mari- 
juana out on the streets so they 
can come up with positive urine 
tests,” he said. “Or they’ll acci- 
dentally let a round in their 


help restore the country’s dem- 
ocratically elected president, 
the Reverend Jean- Bertrand 


postponement of elections until 
February or March. 


Aristide, to power. 

Captain Dewane Stone, an 
army chaplain in Haiti, said he 
has been flooded with com- 
plaints from soldiers since Mr. 
Clinton visited Kuwait to speak 
to troops who began deploying 
there Oct. 7 to discourage Iraqi 
troop movements. The presi- 
dent playfully advised the sol- 
diers, “Don’t forget to go 
Christmas shopping.” 

• The remark “swept through 
the camp” here. Captain Stone 
said, “Lots of soldiers have 
come to me and asked, 'Why 
doesn’t he come over bereT 


February or March. 

“Maybe from a political 
point of view, mid-January is 
the time to start” withdrawal, 
he said. “But from a practical 
standpoint, we’re looking more 
at Mart*.” 

In addition, UN officials say 
they are not satisfied that the 
paramilitary thugs and support- 
ers of a 1991 military coup 
against Fath er Aristide have 
been sufficiently neutralized so 
that U.S. forces can begin with- 
drawing 

“Neither the Americans nor 
ourselves will be happy until the 
disarmament has readied a lev- 
el where we wOI be comfort- 
able” taking over, the UN spe- 


Reformers Take Beating in Moscow Vote 


International 

Classified 

Marketplace 


By Fred Hiatt 

Washmgton Post Service 

MOSCOW — In what many 
described as a bellwether elec- 
tion, voters have elected to Par- 
liament the head of an invest- 
ment firm that collapsed in the 
most spectacular failure of Rus- 
sia’s young capitalist era, hand- 
ing defeat to both a swastika- 
bearing ultranationalist and a 
free- market democrat 
The Sunday by-election in a 
dreary industrial district north 
of Moscow, made necessary by 
the gangland-style shooting of 
the incumbent last spring re- 
flected the disillusion and dis- 
gust many voters now feel for 
government, analysts said. 


Sergei Mavrodi, head of the 
MMM investment company. 


MMM investment company, 
had the support of Vladimir 
Zhirinovsky, the ultranational- 
ist bad boy of Russian politics. 


Dogged by anti-Semitism 
and jack-booted neofascists, 
the campaign was a total defeat 
for democratic reformers a little 
more than a year before sched- 
uled nationwide elections. Most 
democratic parties did not even 
field a candidate. The closest to 
a free-market advocate, Kon- 
stantin Borovoi, a businessman, 
polled third, according to pre- 
liminary results. 

Those early results show Mr. 
Mavrodi collecting 28 percent 
of all votes. A local bureaucrat 
and longtime Communist Party 
functionary came in second, 
with 15 percent, and Mr. Boro- 
voi polled 14 percent. Nine oth- 
er candidates, including a lead- 
er of the anti-Semitic Russian 
National Unity, split the re- 
mainder. 


Mr. Mavrodi, 39, began the 
campaign in prison and did not 
make a single appearance in his 
election district, even after a 
judge ordered him freed Ocl 
12. But he promised to spend as 
much as $10 million of his own 
money to bring telephones and 
other improvements to his con- 
stituents: 


Monday 

International Conferences and Seminars 
Tuesday 

Education Directory 

Wednesday 

Business Message Center 
Thursday 

International Recruitment 
Friday 

Real Estate Marketplace, Holidays and Travel 
Saturday 

Arts and Antiques 



Mexico Convicts 
Candidate’s Killer 


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The Associated Press 

MEXICO CITY — The man 
who assassinated Luis Dooaldo 
Colosio Murrieta, at the time 
the governing party’s presiden- 
tial candidate, was convicted of 
murder Monday and sentenced 
to 42 years in prison, news re- 
ports said. 


By portraying himself as a 
victim of arrogant government 
investigators, Mr. Mavrodi also 
tapped into voters’ resentment 
of corruption, high-handedness 
and incompetence in this na- 
tion’s young democracy, ana- 
lysts said. 

“People feel victimized,” said 
Sarah Mendelson, a program 
officer for the National Demo- 
cratic Institute who followed 
the campaign closely. She said a 
common voters’ view was: “The 
government had no right to do 
that to him, and they have no 
right to do all this to us.” 

Mr. Mavrodi’s MMM com- 
pany collected billions of rubles 


from Russians in what critics 
called a classic pyramid 
scheme. The company used the 
money it collected for television 
advertising, promising huge re- 
turns at no risk, and bought 
back shares at ever-increasing 
prices, until the pyramid col- 
lapsed this summer, leaving the 
shares virtually worthless. 

MMM said the collapse was 
triggered by jealous bureau- 
crats. Many bankrupted share- 
holders believed that only Mr. 
Mavrodi’s election could save 
them, a sentiment he encour- 
aged. He said in interviews that 
if be lost, he would be returned 
to prison and MMM shares 
would never recover their value. 
If he won, he predicted that 
MMM shares would soon soar 
above their pre-collapse level 
In the wake of his victory 
Monday, an MMM spokesmen 
said that the company would 

K begin selling shares in 48 
ow outlets and 49 other 
places across Russia and the 
former Soviet Union. 


Colombia Incumbents Lose 


Judge Alejandro Sosa Ortiz 
told the Excelsior news agency 
that Mario Aburto had been 
found guilty of premeditated 
murder. Mr. Aburto, 23, a fac- 


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lory worker, was seized by the 
police immediately after be 


police immediately after be 
gunned down Mr. Colosio dur- 
ing a campaign rally on March 
23 in Tijuana. 


The Associated Press 

BOGOTA, Colombia — The 
ruling Liberal Party lost control 
of every major Colombian city 
in elections for governors, may- 
ors and city councils. 

In a blow to the recently 
elected president, Ernesto 
Samper, party incumbents were 
ousted Sunday In Bogota, Call 
Medellin, Barranquilla and 
Pasto. 

The Liberals fared belter in 
regional races for governor. 


winning 17 of 3! posts. The 
Conservative Parly won 10 gov- 
ernorships and independents 
took the remaining four. 

A number of candidates were 
assassinated or kidnapped by 
leftist guerrillas in recent weeksL 
forcing the government to can- 
cel elections in 10 municipal- 
ities. 


To subscribe in Fra nc o 
)ust ccdl, toll fraO/ 
05437437 


WORLD BRIEFS 


Neo-Nazis Renew Threats in Austria 


leading political figures. 

Lojze Wieser, publisher in the southern town of Klagenfurt of ; 
boob for the Slovene minority, was quoted Monday by Austria 
Pressc-Agentur as saying that he had received a death threat in a 
handwritten letter that began with .the Nazi salute “Sieg Hefl!” . 
and was marked with swastikas. The publisher was the target 
earlier in October of a letter bomb, one of four discovered and ; 
defused by the police. 

“You are first on our list,” the news agency quoted the letter as 
saying. Among those it said were also on me Hst were Foreign 
Minister Alois Mock, Pope John Paul II, President Bill Clinton, 
and Jdrg Haider, whose extreme-right Freedom Party made gains ; 
in Austrian parliamentary elections on Oct 9. 


2 French Inquiries on Ex-Minister 


PARIS (Reuters) — French authorities began two inquiries 
Monday into possible fraud by the recently resigned industry • 
minister, Gfcrard LongueL 

In another embarrassment for the conservative prime minister, ■ 
Edouard Bahadur, the inquiries focus on allegations that Mr.' 
Longuet underpaid for a Riviera villa and set up an illegal funding ■ 
network for his Republican Party, part of the coalition govern- 
ment. 

Judicial sources said the first investigation, into alleged misuse • 
of public hinds and receipt of stolen goods, named both Mr. ' 
Loaguet, forced to resign Oct. 14 over the case, and the villa’s 
builder, Rent Cereda. The second investigation, over suspected ‘ 
offenses inducting misuse of public funds and fraud, targets 
among others Invested a company Mr. Longuet created in 1989- 
and sold in 1991. 


Tax Quarrel Stalls Bonn Coalition 


BONN (Reuters) — Germany’s conservative and liberal par-' 
ties, stiB dying to put together a new coalition two weeks after- 
they were returned to power with a sfim majority, added taxes on ' 
Monday to the list of Issues on which they disagree. 

Finance Minister Theo Waigd, leader of the right-wing Chris- 
tian Social Union, said talks on a new coalition were making good 
progress and could be concluded this week. But the liberal Free 
Democrats, junior partner in Chancellor Helmut Kohl's 12-year- ' 
old center-nght government, said they remained unhappy about a 
new income tax surcharge and would not be rushed into an early 
coalition deaL 

The Free Democrats’ general secretary, Werner Hoyer, whose 
party favors low taxes and minimal government, called for “a 
binding concept to scrap the solidarity surcharge” to be included 
in the coalition agreement. He said the negotiations should 
produce concrete agreements rather than vague statements of 
intent. 


U.S.-Burma Talks Are First Since ’88 


chamber go off. Anything to get 
themselves out of here.” 


RANGOON (AP) — The first high-level U.S. delegation since 
the army took power in Burma six years ago arrived Monday. The 
delegation, led by Deputy Assistant Secretary of State for East 
Asia and Pacific Affairs Thomas Hubbard, mil discuss human 
rights, democracy and the fight against narcotics during the three- 
day visit 


Although 3,000 Americans 
wiD remain in Haiti with the 
UN forces regardless of the 
main withdrawal date, Ga piain 
Stone said most troops expect- 
ed to return home no later than 
Christmas. 


A senior Foreign Ministry official welcomed the delegation, 
winch includes members of the National Security CounaL The 
Americans are expected to meet Tuesday with the leader of the 
ruling junta, lieutenant General Khin Nyunt and Foreign Minis- 
ter OhnGyaw. 

Relations with the Rangoon junta have been cool since the 
officers took power in a 1988 coup. Washington has been outspo- 
ken in condemning the junta’s human-rights abuses and failure to 
restore democracy. The United States cut off aid after the military 
suppressed pro-democracy demonstrations in 1988 and did not 
replace its last ambassador, who left in March 1989. 


“If they find out it’s not 
Christmas,” the chaplain said, 
“morale is going to hit the Door 
again, and ID be real busy for 
another two or three weeks. 
They’ll come crying.” 


4 Westerners Kidnapped in India 


NEW DELHI (AP) — A previously unknown group said 
Monday that it had kidnapped three Britons and an American 
and threatened to behead them unless jailed comrades were • 
released 

Hours after the kidnapping claim was received, the police said 
the American, identified as Bela Joseph Nuss, was found near ; 
New Delhi, chained to an iron post but unharmed. He told the 
police that be was abducted 10 days ago. 

The kidnappers said they belonged to a group based in the 
tribal areas of Afghanistan. The BBC identified the Britons as 
Paul RidouL Miles Croston and Rhys Partridge. The British 
Foreign Office said the kidnappers were separatist Kashmiri 
militan ts 


Correction 


Because of an editing error, an article on the peace agreement 
between Israel and Jordan that appeared in some editions dated 
Oct 18 referred incorrectly to an accord between Israel and the 
Palestine liberation Organization. That agreement was reached 
last year. 


TRAVEL UPDATE 


U.K.’s First Airport Tax Takes Effect 


LONDON (AP) — Britain is to impose its first airport tax on 
uesday, with travelers to the United States and other interconti- 


Tuesday. with travelers to the United States and other interconti- 
nental destinations paying £10 and those to most West European 
cities £5. 

The Conservative government hopes to raise £33 1 million a year 
by charging passengers as they leave. The tax is added to the ticket 
price. 

Airport taxes are common in many countries. But airlines in 
Britain protested that the tax would not be imposed on competi- 
tors, including trains, ferries, buses and the Channel Tunnel. 

British Airways resumed service to Romania on Monday after a 
12-year lapse. There will be four flights a week from London to 
Bucharest. (AP) 

In southern Italy, two more people ha ve come down with cholera, 
raising to 10 the number of cases confirmed in the past week, 
officials in Bari said Monday. One of the cases was caused by 
eating vegetables, raising fears that fields had been irrigated with 
cont amina ted water. The other cases have been blamed on raw 
shellfish. (AP) 

Paris bos drives’ muons called Monday for a citywide strike on 
Wednesday to protest an attack on one of their colleagues, 
allegedly by someone wielding an AIDS-infected syringe- (AFP) 

Singapore Antilles will start more flights to eight destinations in 
six countries, including Australia and Japan, the airline an- 
nounced Monday. The cities are Osaka in Japan; Denpasar and 
Surabaya in Indonesia; Sydney and Penh in Australia; Ho Chi 
Minh City in Vietnam; Seoul, and Manila. (AP) 


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INTERNATIONAL HERALD TRIBUNE, TUESDAY, NOVEMBER 1, 1994 


Page? . 



A *° y Monda y “oniing as the Golden Grape Lounge in Detroit burns. More than 

,-WUPmHHPgs were aet ontire and 175 teenagers arrested in the ritv’s annual arson-fesL known as DfeviTs Ni^hr. The 
Aocatpractux; bad been on the wane, with the number of fires down to 65 last y ear from a record high of 297 i n 1984. 


•3 


'^fBy Isabel WUkerson 

y/r^ifew York Times Service 

%;LQRAIN, Ohio — The or- 
nery; and ill-tempered voters 
•*boC.w3I sit in judgment on 
Election Day a week, from now 
■ cannot exactly put a finger on 
:«hy they aresodisgusted with 
Washington aind politics. 
r -!They know that inflation is 
low and unemployment is 
down. . They know that the 
countiy is not at war, that even 
the dsparaged expedition into 
Haiti' turned, out better than 
many of them expected: AT 
tboughsomewere disappointed 

others : were 

they did hot want to lose their 


coverage or pay more for it. 

So what are they complaining 
about? 

“The unknown,” said Russ 
Carver, a Michigan steelworker 
standing in a union office. 
“What could be” 

That may be a nearly impos- 
sible thing to campaign against, 
this vague notion that no matter 
what anybody does, things 
might set worse: But that is ex- 
actly what politicians are facing 
from a mercurial and bored 
electorate. 

To listen to voters in two 
Midwestern stcd towns where 
things are better than they were 
in the 1980s but a . long way 


from booming, it has got to the 
point where some seem to ihink 
there is very little that politi- 
cians contribute to the country . 

In River Rouge; Michigan, a 
city of about 1 1,000 just south 
of Detroit, a retiree standing in 
line at a drugstore said. 
“They’re doing absolutely noth- 
ing for the citizens” 

Here in Lorain, about 30 
miles west of Cleveland, A1 
Fuzy, the owner of a karate 
school, said he did not even 
know whether to believe the in- 
flation and unemployment fig- 
ures that he said some politician 
somewhere would take credit 
for. 

“We don’t really know what’s 


(q LJL Mayor Picks jFjgjwg jgta 

LOS ANGELES — Representative 
Michad Huffington suffered another 
hard poEtiral blow to iris reding Senate 
-?campSB^'wiieri ‘Iris ^Democ ra tic oppq-* 
: ncQ WSeriatbr Diaxme Femstan, won die 
s endoraemeit of ihbstate’s second-most- 
;po9tert\A Rnmblican; -Mayor Richard . 
i; Rk«dan cJ^Ld&rArigieJes- 
; ' Mr: Rkxdari, whose political promi- 
nence as aCaltfonriaRepobtican is over- 
shadowed only by that of Governor Pete 
» Wilson, said he was supporting the sena- 
1 tor rather than Mr. Huffington because 
} she bad shown “an amazing ability to 
t wok with Republicans and Democrats 
! "to help solve the problems of Los Ange- 
les and California.” " 

Tm not apunst anybody” the mayor 
said at a news cooferencei with Ms. Fern- 
stein at his side. “Tm for Dianne Fdn- 
stdn. Dianne Fan stein has proven her- 
sdf. if Michad Huffington is elected, be 
- can prove himself. But she has already 
proved that she’s a friend of Los Ange- 

• -fev ' ■ ; •_3- 

The endorsement could give Ms. Fern- 
stein; a Northern Cafiforaian, a political 
boost in heavily populated Southern Cal- 
if brma, where she is weakest. 

• • .It-came in ; the aftermath of a wedc in 
which Mr. Huffington found himself re- 
peatedly on -the defensive and showing 


signs of political strain because of disclo- 
sures that an illegal Mexican immigrant 
worked for five years as a nanny in his 
house in Santa Barbara. (NYT) 

A SUght Load Tor Cuomo 

NEW YORK — With a combination 
of patient strategy and luck. Governor 
Mario M. Cuomo has pulled slightly 
ahead of State Senator George £. Pa laid 
as New York's gubernatorial race enters 
its final week, according to a New York 
TSmes/WCBS-TV News Poll. 

: The new poD, which was conducted 
from Wednesday through Saturday, 
shows that Mr. Cuomo’s lead — from 6 
to 10 percentage points, depending on 
how it is measured — has little to do with 
may new-found affection by New-York- 
ers for the 12-year incumbent 
" Instead, Mr. Pataki, the. Republican 
nominee, has fallen behind because of 
the impact of B. Thomas Golisano’s 
third-party candidacy and because Mr. 
Cuomo's campaign stratify of attack has 
convinced scane voters that Mr. Pataki is 
not an acceptable alternative to the gov- 
ernor. . (NYT) 

For Gore, a Frightful ^Hewt 7 

WASHINGTON —Vk» President A1 
Gore met bus worst nightmare here in his 


Washington front yard. Standing in 
front of the vice president's mansion was 
a fellow who looked like Newt Gingrich, 
the House'minority leader, down to the 
gray hair parted in the middle, wearing a 
“Newt” T-shirt and a sign that said 
speaker of the House, winch is what Mr. 
Gingrich will be if the Republicans win 
control of the House of Representatives 
Nov. 8. 

Mr. Gore turned green and grabbed 
his throat as “Mr. Gingrich*’ ap- 
proached, and said: “It's (he scariest 
. tiring I’ve ever seen.” 

Actually, Mr. Gore was green before 
the Gingnch look-alike, Jeffrey Hunt, 
13, approached him. The vice president 
and his wife. Tipper, were in costume, 
too, for their second annual Halloween 
party, to which. 600 friends and members 
of the press and their children were invit- 
ed. He was a version of the Frankenstein 
monster with ghostly green makeup. 

(NYT) 

Quote/ Unquote 

Jackie Hudgins, a neighbor of Francis- 
co Martin Duran, who fired a volley of 
shots at the White House: “They were a 
close family, a loving family. Just two 
normal people trying to make a go of it 
like everybody else here. I just couldn't 
believe it.” (WP) 


Justices to Review Rulings on Freedom of Religion 


- The Associated Press 

WASHINGTON — TheSu- 
^ ; preme Court on Monday set the 
T* stage for a' potentially far- 
reaching ruling’ an freedom of 
retigicMi as it agreed to review a 
state university's refusal to sub- 
sidize a student-run ■ Christian 
magazine . • 1_ ■ 

The justides voted to review 
piling s that said th$' University. 


: state. ' 


The student group that was 
denied, funding says it is bong 
angled out unfairfy and con- 
tends that the constitution 
“stands for neutrality, not hos- 
tility, toward religion.” 

The university requires all 
fuD-time students to pay $14 
per semester into a stiident ac- 
tivities fund that, in turn,' is 
iis rfl to support numerous stu- 
dent groups activities and pub- 
lications.' 

In September 1990, Ronald 
Rosenbagcr and other students 


founded Wide Awake Produc- 
tions to publish a magazine of- 
fering Christian viewpoints on a 
variety of topics. The group is 
not affiliated with any one reli- 
gious sect or institution. Wide 
Awake sued university officials 
in July 1991 after being denied 
a $5,800 subsidy to pay for the 
magazine’s publishing costs. 

University officials told the 
group they had decided “Wide 
Awake magazine could not be 
funded as it is a religious activi- 
ty.” The ensuing lawsuit said 


the funding denial violated the 
group’s free-speech and equal- 
protection rights and its mem- 
bers’ religious freedom. 

A federal judge and the 4th 
U.S. Circuit Court of Appeals 
ruled against the student group. 

The appeals court acknowl- 
edged that the university’s 
funding guidelines “discrimi- 
nate among speech on the basis 
of its content.” But it said such 
discrimination was justified by 
the need to keep “strict separa- 
tion of church and state.” 


On November 29th, the 1HT plans to publish 
aSpedaTReporton 


Among the topics to be covered are: 

M Phone company privatization around the 
wortd. 

■ The global mobile phone standard. 

: it Overcrowding on the information 
: superhighway. . 

' jj. The competition to wire i to th® ^ ast " 

■ growing nations in Asia. 

H Alliances among media providers. 

\^Shffet6 on the same daji ^ 

(33-1) 46375044. 

-wi : Ik rvTKB*OT«NAL^ ^ 


For business women 
going places, 
here’s the place 
to stop. 


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U.S. Charges teHi 


LIBRARY 

SE91ALS No. i f ti$r- 

CLASS 


By David Johnston 

-Vew York Timet Service 

WASHINGTON —The dis- 
honorably discharged veteran 
who strafed the White House 
with an assault rifle was 
charged in federal court on 
Monday with four felony of- 
fenses. A magistrate ordered 
him to undergo a one-day pys- 
chiairic examination. 

At a hearing, prosecutors 
charged Francisco Martin 
Duran with possession of a fire- 
arm as a convicted felon, de- 
struction of U.S. government 
property at the White House, 
assaulting a U.S. officer during 
his arrest and using a firearm 
during the commission of vio- 
lent crime. 

If convicted of all four 
charges, he faces a maximum 
terra of 35 years in prison. 

Mr. Duran, 26. a former 
army medic from Colorado 
Springs, walked confidently 
into the courtroom dressed in a 
black short-sleeved shirt and 
black jeans. 

He pronounced bis name 
clearly when asked to identify 
himself, but made no state- 
ments and sat attentively at the 
defense table during the 20- 
minute proceeding. 

Prosecutors asked Deborah 


Robinson, the U.S. magistrate morose handwritten statement as fifc^ravels — to change hisi 
judge, to direct Mr. Duran to m which he did not suggest he^b^bits. 
undergo a mental competency was trying to kill the president j^r-far as telling the presi-‘ 
screening on (he basis of a but seemed to indicate he might dent hebas to change his per- [ 
handwritten note found, after soon die and discussed how his sonal habits, we’ll leave that up- 
the shooting, in his 1989 Chev- family should distribuip his to you /\he said. “It’s his'deci- 
rolei pickup a few blocks from possessions. sion BuiWiously, Tm sure! 

the White House. , g hl j«j he’ll give somebonside ration to* 

“We found a letter which * oecant> Options studied 

S' 1 ? 8 # * n S > < l“ cstion whe ! her Treasury Secretary Lloyd vt, Rentsen also defended' 

10 Bfcnisen said Monday that clos- Service an agency < 

proceed, said John Finnegan. j n g 0 f Pennsylvania Ave- ovcrsees f 0 r not firing at ■ 

-rjftteaaii 

White House and grounds with 


he oversees — for not firing at ; 


in determining whether he is 
sufficiently competent to un- 
derstand the charges and the 
next steps in his case. 


increase security. The Associat- 
ed Press reported. 

Mr. Bentsen also announced 


bullets. 

“The last thing 1 would want 


demand the charges and the Mr. Bentsen also announced to see was someone firing weap- 
nexi steps in his case. the appointment of a panel of Jq 2 crowd like that,” he 

Mr. Finnegan did not dis- experts to make sug^es- as t 0 ihe fact that by- 

close the conienus of the letter. u ° ns . ,n M 1 * “twMth o' the s tandeis, not agents- or police- 
and prosecutors said later that 5 . incident. He said a re- brought the gunman to 
Judge Robinson had ordered it VJ ew mreadv under way after tbe ground, he said: “The civil- 
scaled at least until Wednesday. „5 c . r u ™ a P 1 ? 11 ? “ ie ians were standing right beside 
when she scheduled another " House grounds in Sep- j understand that,” 
hearing tember — would be completed ... . . „ , 

nearing. bv mid-January. Asked about closing Pennsyl- 

Nevenbeless. officials de- - . vania Avenue tn front of the 

scribed the letter as a handwrit- "Tne review will examine white House to both cars and 

ten statement that aroused con- whatever means might be avail- p^g^rian traffic, something' 
cern among prosecutors about a ^ e “ including siate-of-the- jjj e Service has suggested 
Mr. Duma’s stability. technology to better pro- ^ pas^ Mr. Bentsen said 

The letter was the second lec \ l he White House mid our “those options are being- 
found so far among Mr. Dur- K ' 

an’s possessions. Officials de- 
scribed the first letter, which 
was found in his pocket, as a 


whatever means might be avail- pedestrian 
able — including state-of-lhe- jj, e secret S 
art technology — to better pro- m ^ pasl 
tect the White House and our l j lat “those 
national leaders,” Mr. Bentsen examined.” 
said. 


Voters 


going on in Washington at all," 
he said. “There are so many 
facts and statistics. They don’t 
use a language that normal, ev- 
eryday people can understand. 
It’s nothing more than a spider 
web of deceit." 

In recent years, it has, of 
course, become fashionable lo 
attack Washington and politi- 
cians in general. Whether the 
bad mood comes from alien- 
ation, ignorance, indifference 
or “did not — did too” cam- 
paigning is hard to tell. 

But all of this has made 
things harder for precinct cap- 
tains like Michael Koury. an 
old-time Democrat in a gray 
fedora and trench coat who is a 


real-estate agent when he is not 
passing out political literature. 
He has not been thrown off 
porches, but he said be knew 
not to try lbe hard sell that 
might have worked a generation 
ago. 

“Everybody is a free-thinker 
nowadays,” he said. “Nobody 
likes to be told how to vote. 
They want to go their own 
way.” 

The problem now, be said, is 
that people may have it too 
good. “They forget where they 
came from,” Mr. Koury said. 
“Business is good. The people 
are working. It’s a great time to 
live in America. They go! it 
good, and they want it better.” 

Mayor Alex Olejko of Lo- 
rain, a Democrat, said he could 
not figure it out. The Ford plant 
in this city of 71.000 cannot 
churn out minivans and Thun- 
der birds fast enough: the steel 
mill started hiring this year for 
the first time since 1982, and 
unemployment has gone from 


24 percent a decade ago to 6 
percent now. 

“We’re doing as good as we 
did with Truman.” the mayor 
said. “Your son is working. 
Your daughter is working. 
You're working. You're getting 
your pension. What more can 
you ask for?" 

He caught his breath and 
thought of something else. 
“Housing is going up.” he said. 
“What more do you want?” 

The answer from voters in 
both Lorain and River Rouge 
was as vague and unformed as 
their general discontent. People 
mentioned the idea of a third 
party or term limits, but not 
with any particular fervor. The 
only thing clear was their lack 
of interest. 

“Politics is like life insur- 
ance,” said Bob LaForesi. pres- 
ident of Local 1299 of the Unit- 
ed Steel workers union in River 
Rouge. “It’s something 1 goi to 
have, but I don’t want lo know 
nothing about it.” 


But he seemed to suggest that 
He was asked if pan of tiie a partial closing of the street, 
recommendations would in- was a more likely outcome, call-' 
dude urging the president - — jng an “overstatement” sugges- 
who likes to jog near the White tions that tbe entire street near 
House and plunge into crowds the White House be blocked. 


Away From Politics 

• Six days after a man drove off with a woman’s vehicle and 
her two young sons, there was no sign of either the car or the 
boys Monday and the police appeared to have no clues. 
Volunteers and police officers spent the weekend combing 
wooded areas a round Union. South Carolina. 

• A friend of the “Hogan's Heroes” star Bob Crane was 
acquitted in Phoenix. Arizona, of charges he killed the actor 
in 1978. Jurors deliberated for two days before finding John 
Henry Carpenter. 66, not guilty of first-degree murder in the 
bludgeoning death. 

• A television movie about an asteroid finking Earth triggered 
hundreds of phone calls nationwide from confused and fright- 
ened viewers. In tbe CBS movie, “Without Warning,” a 
fictional news program reports asteroids falling on Wyoming. 
France and China. The word “live” appeared on screen. The 
actors were real reporters anchored by Sander Vanocur, an 
ABC newsman for 16 years. 

• A former ministers last-minute request for legal assistance 

from two anti-abortion attorneys was rejected as his murder 
trial opened in Pensacola, Florida, in the killings of an 
abortion doctor and his escort. Paul Hill plans no defense 
because the judge has barred his explanation that the shoot- 
ings were necessary to save tbe lives of fetuses. Mr. Hill 
intends to represent himself. The judge had already named a 
standby lawyer. Reuters, ap. NYT 


Gorky Park: 4 hrs. 
Hyde Park: 3 hrs. 
Tiergarten: 90 mins 





%grnm. 

' 




What is. in fact, the single de- 
terminant factor for an office? 
The answer is obvious: the 
location. The Frankfurt Airport 
Center - FAC 2, for instance, is 
integrated in the new Terminal 2 
building at Frankfurt Airport 
and offers all the advantages in- 
herent to a uniquely attractive 
location. 


t ; y* ~ 

a/ 

.. ■■ f •. 

•■'Vri '***£' .. 

■ -’SA 

■ -Vi. 




And because man does not live 
of business alone, we took the 
liberty to suggest a number of 
recreational areas in the more 
or less immediate vicinity. The 
travel times above are from the 
desk to the park entrance, 
including a ten-minute stroll 
from the office to the boarding 
gate, the direct flight to Berlin, 
London or Moscow, and a taxi 
ride to the entrance of the park. 


By the way, in case your busi- 
ness actually happens to take 
you to these cities, it won't, 
of course, cost you a single 
minute more. 

Telephone: +49 69 690-66010. 
-70702 

Fax: +49 69 690-211 71 


»m» u* ' 


M1ar .4MM.-1M.IUH 


Frankfurt Airport Center 
International Office and Communication Center 


FAC 


■ ■ ■ { 
I 



Paae4 


Ilcralb 


INTERNATIONAL 



(tribune 


PublwhMl With TV Ni** V«rk Tim** and TV Q'u*huifiiin tN«l 


Exhausting the Ocean 


The environmental debate is mostly 
about predictions of calamities that 
have yet to occur. The proof is in the 
future, and in its absence it is often hard 
to know which side to believe, the one 
that is saying the risk is great or the 
other — there is always another -- that 
shows up to say it is narrow. But just as 
every once in a while a dire prediction 
turns out to have been overblown and 
false, so every once in a while one of the 
predicted calamities occurs. It is a chill- 
ing experience, because the environmen- 
talists don’t have to be right every time 
to be right enough. The latest such expe- 
rience has now occurred in the Atlantic 
fishery off Cape Cod- 

Tbe U.S. government has been regu- 
lating America’s fisheries for 18 years. 
The legislation had two parts. The better 
known mostly drove out foreign fisher- 
men who were exploiting the U.S. wa- 
ters. The second then sought to limit the 
catch of U.S. fishermen to so-called op- 
timum yields — low enough levels that 
the various species of commercial fish 
could be counted upon to reproduce 
themselves. The scheme has largely 
failed, in part because it was too timid. 

For fear of being accused of imposing 
federal regulation, anathema even then, 
the authors of the measure came at the 
problem indirectly, setting up regional 
councils through which the industry was 
supposed to regulate itself. But the 
councils, meaning the industry, mainly 
turned a blind eye to the continued de- 
letion of the resource, partly perhaps 
ecause the fish are a resource that no 
one owns and that therefore no one has 
— or bad — an interest in conserving. 


Warnings went unheeded. Now the 
ground fish — haddock, flounder and 
the once abundant cod that gave Cape 
Cod its name — have almost disap- 
peared. The fishery has been exhausted 
as, for slightly different reasons, a num- 
ber of Pacific salmon fisheries have been 
as well. Last year the New England re- 
gional council did finally Impose sharp 
restrictions on die catch, but that was 
only after an environmental group took 
it to court, and it was too late. 

Now the council has been reduced to 
proposing a virtual ban on fishing for 
as many years as it may take for the 
species to bounce back. 

That is precisely the kind of after-the- 
fact emergency action that the act of 
1976 was meant to avoid. What the Clin- 
ton administration and Congress need 
to do — it should have been done long 
ago — is strengthen the act The secre- 
tary of commerce now approves the con- 
servation standards set by the various 
regional councils. He can require that 
they be strengthened, but rarely if ever 
has. He ought to be required to save the 
resource if the councils won’t 

The law should probably also be re- 
written to limit access to the fisheries 
through a system of licensure. Licenses 
that could be bought and sold, and 
whose value would depend on the value 
of the stock to which they gave access, 
would give fishermen a stake in preserv- 
ing as well as exploiting the resource. 

There was a flutter of interest in 
rewriting the fisheries law in the last 
Congress. There ought to be serious 
interest in the next. 

— THE WASHINGTON POST. 




In a season when incumbent legislators 
are being attacked in America as self- 
serving know-nothings, it is a pleasure to 
be able to identify rather quickly a politi- 
cian who not only says he cares about 
good governance but has the record to 
prove it That description fits Senator 
Daniel Patrick Moynihan. He is running 
for a fourth term and he deserves it 

Bernadette Castro is the latest in a 
lengthening line of sacrificial lambs 
served up by the Republicans to fight an 
impossible battle. Six years ago, an indus- 
trious fellow named Robert McMillan 
volunteered for this suicide mission, 
stumped the state in his own car and 
made a lot of good suggestions. He was 
swamped. Six years before that, Florence 
Sullivan, a scrappy conservative, gave it a 
shot with a meager budget that supported 
one press rude, one administrative assis- 
tant and one speech writer — all of whom 
seemed to be the same person. 

Ms. Castro is likewise admirably tena- 
cious, and while we deplore her support 
for the death penalty, she understands 
the national need for health care reform, 
welfare reform and honest campaign fi- 
nancing. Unfortunately for her, so does 
Mr. Moynihan. who also brings to his job 
experience, enthusiasm and as outstand- 
ing record of legislative achievement. 


In time Mr. Moynihan’s radiance may 
dim; in time he may be persuaded to 
bring more discipline to tus sesquiped- 
alian oratory. But he bas been a first-class 
senator. He helped rescue the faltering 
Social Security system, made sure that 
Ronald Reagan’s tax overhaul also re- 
moved 6 million poor Americans from 
the tax rolls, and devised a welfare reform 
program that presaged President Bill 
Clinton’s own plan. 

The rap on Mr. Moynihan is that he is 
so bookish and so wired into the Wash- 
ington scene that be has little under- 
standing of the needs of ordinary New 
Yorkers. That charge is hard to support. 
He has worked for mass transit and a 
cleaner Hudson River. As chairman of 
the powerful Senate Finance Committee, 
he also worked for health care reform 
that would not, in its zeal, destroy New 
York City’s medical schools. If you 
scratch him, he will probably say that the 
thing that makes him happiest is that be 
heisted money out of Congress to build a 
new Pennsylvania Station. 

It is true that Mr. Moynihan reserves 
most of his theatrics for the national 
stage. But for his performance on that 
stage he deserves bravos and a strong 
endorsement for another term. 

— THE NEW YORK TIMES. 


Money in the Campaigns 


Imagine If the annual rate of inflation 
in America were 1 1 percent. The country 
would be in fury, ana its politics would be 
turned upside down. Now consider this: 
judging by the amount of money raised in 
Senate elections as of Sept. 30, the cost of 
running for the Senate has gone up by 
nearly 22 percent over the last two years 
— an inflation rate of 1 1 percent a year. 
Even taking into account that there is one 
more Senate race this lime than last, the 
inflation rate is still 10.7 percent. At this 
point two years ago. Senate candidates' 
had raised $174 million. This year the 
figure is $212 million. Compared with 
this, health care costs are positively tame. 

These figures, courtesy of a computer 
analysis by Common Cause, help explain 
why (1) there are so many millionaires in 
the Senate; (2) senators spend so much of 
their time raising money; (3) political 
consultants gel rich; and (4) this system is 
in such need of reform. 

For example, three candidates. Republi- 
can Michael Huffington in California and 
Democrats Herbert Kohl of Wisconsin 
and Richard Fisher of Texas, are million- 
aires whose campaign chests consist most- 
ly of their own money — 93 percent in Mr. 
Huffmgton's case, 85 percent in Mr. 
Kohl's and 69 percent in Mr. Fisher’s, 
Even if these percentages dropped off 
slightly by election day as outside cash 
came in, think of what the opponents of 
these candidates are up against. 

Is it really such a good idea for untested, 
unknown candidates to make it to the 
ballot routinely just because they have a 
lot of spare cash m their accounts to spend 
on pollsters, media advisers and television 


ads? There may be no constitutional way 
to limit the contributions that individuals 
can make to their own campaigns, but 
spending limits and public financing 
could help level the playing field. 

Political action committees tend to be 
less important to senators than to House 
members, since senators have larger 
fund-raising bases. Still PACs account- 
ed for $36 million of the money raised. 
PAC giving was especially important for 
senators from smaller states, accounting 
for 30 percent or more of the money 
raised by six senators seeking re-elec- 
tion. In races in which an incumbent 
faced a challenger, most PAC money 
went to incumbents — a key source of 
electoral unfairness. 

It has been said by critics of campaign 
spending reform that the problem is not 
that too much money is spent on elec- 
tions but that so few resources are devot- 
ed to politics that few voters get engaged. 
Really? Do you think that the stuff much 
of this money pays for — the increasingly 
gruesome advertising on television — at- 
tracts anyone to politics? 

And, as Robin Gerber of the Carpen- 
ters Union pointed out recently, big- 
money politics means that more and 
more campaign (asks are being taken on 
by paid professionals. That is driving 
volunteers away and severing yet more 
links between citizens and the electoral 
process. Congress may have abandoned 
election reform this year, but congres- 
sional dawdling will not make the pro- 
blem go away. On the contrary, it will 
now gel worse. 

— THE WASHINGTON POST. 



International Herald Tribune 

ESTABLISHED MS7 


KATHARINE GRAHAM. ARTHUR OCHS SULZBERGER 

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i 


TUESDAY. NOVEMBER 1, 1994 


OPINION 


If Democracy Is Unknown , It Can’t Be an Instant Cure 


W ASHINGTON — “Democracy is a 
difficult kind of government,” Presi- 
dent John Kennedy warned in 1963. “It 
requires the highest qualities of self-disci- 
pline, restraint, willingness to make com- 
mitments and sacrifices in the general in- 
terest, and it also requires knowledge.” 

Those cautionary words have been ig- 
nored by successive American presi- 
dents, secretaries of state and legislators 
who insist that a sturdy dose of Western 
democracy is the best cure Tor the ills of 
an unruly world. None have endorsed 
this nostrum more enthusiastically, and 
uncritically, than President Bill Clinton 
and his chief advisers. 

The democracy placebo is prescribed 
for an epidemic of ethnic, racial, tribal and 
religious conflicts in the world's poorest 
and most vulnerable countries. A presi- 
dent unfamiliar with the political quick- 
sands of volatile societies has been ill- 
served by foreign policy aides with a 
restrictive Euro-centric frame of reference, 
a meager personal knowledge of fractious 
Third World cultures and an. im pulse to 
sermonize when they need to analyze. 

When the Clinton administration first 
rushed to embrace peacekeeping in Soma- 
lia, UN Ambassador Madeleine AlbrighL 
an academic specialist on Central Europe, 
urged America to “stay the course in So- 
malia and lift its people from a failed state 
to an emergent democracy.” Mrs, Al- 
bright, clearly on unfamili ar terrain when 
she detected the mirage of democracy in 
Somalia's tortured history, typified the 


By David Heaps 

unreadiness of Clinton strategists to grasp 
political realities in nott-Westera cultures. 

As public support for the Somali en- 
gagement began to founder, the national 
security adviser, Anthony Lake, advocat- 
ed a rebotded version of the Reagan- 
Bush doctrine to “enlarge the world’s 
free communities of market democra- 

Support for human righto needs 
to move beyond moral censure 
and ackersarial scrutiny. 

ties.” A persistent Washington conceit to 
mold an unwieldy world into an Ameri- 
can image once again surfaced as a sub- 
stitute for serious policy reformulation. 

Soon after his appointment to the 
State Department’s second-highest post. 
Deputy Secretary Clifton Wharton em- 
phasized; “Our marching orders from the 
president are to strengthen democracy.” 
He was soon succeeded by Strobe Talbott, 
an Oxford roommate of the president with 
a European background devoid of expo- 
sure to Third World problems. 

On Haiti, the president’s repeated 
public pledges to “restore democracy” to 
the Western Hemisphere’s poorest and 
most traumatized society rased human 
hopes that cannot be satisfied and in- 


curred political obligations that will not 
be honored. The United States may have 
restored Jeaa-Bertrand Aristide to the 
presidency that he legitimately won, bat, 
as So malia graphically illustrated, it can- 
not inculcate democratic values in yio- 
lence-prone countries beset by ancient 
legacies of tumult and disorder. 

Democracy does not arise pristine and 
full-blown from the ashes of tyranny. It is 
not nurtured by harsh and prolonged 
dictatorship, nor can it be exported by 
pleas or arms to societies that nave never 
known the peaceful transfer of political 
office. Democracy only evolves indige- 
nously over tune through a social com- 
pact between responsible leadership and 
a responsive citizenry. 

Official Washington persistently mis- 
. reads the ouster of oppressive regimes as 
public readiness to adopt a national dem- 
ocratic credo. More often, as in Haiti in 
1986 after the fall of the Duvalier regime, 
the reaction is a spontaneous mass cele- 
bration over the departure of hated sym- 
bols of persecution, and an inchoate ex- 
pression of hope for a more tolerable 
materia] existence. 

Collapsed dictatorships are not imme- 
diate fountainheads of democracy. They 
bequeath Fragile political twilight zones 
that are neither full democracy nor total 
despotism. Their lapses and derelictions 
arise from inexperience, incompetence 
and inadvertence as well as design and 
malice. Their problems require an aware- 
ness of cultural and historical disparities 


rights. The control anu uiw mm ums w 
oppressive police and security forces, al- 

- *- r easy in transitional periods, 

ait the finished carapace of 


seldom heeded by orentnssed Washing- 
ton mandarins or one-dunensional hu- 
man rights moralists. 

If the international road to democracy 
is slow and tortuous, one national pre- 
condition for its ultimate attainment 
may, however, be within earlier reach; 
the protection of elementary human 
rights. The control and dismantling of 

.. „i:~, a a. A MMirihl flWrtM *1- 

oppresave po 
though never i 
need not await 
legislative structures. 

The unique significance of human 
rights, Andrei Sakharov wrote 15 years 
ago from internal exile in Gorky, lie in 
their universal relevance for diverse po- 
litical systems- They are not in them- 
selves a system of governance, but a set 
of moral principles adaptable to varying 
forms of authority at differing stages of 
development. “The defense of human 
rights,” he noted, “is a clear path toward 
the unification of peoples in our turbu- 
lent world, and the relief of suffering.” 

Support for human rights abroad 
needs to move beyond moral censure and 
adversarial scrutiny in Western metro- 
poles. In countries not totally eclipsed by 
tyranny or violence, mutually planned 
assistance and institution-bunding initia- 
tives can fortify local efforts to reek hu- 
mane solutions for age-old problems. 

The writer worked os a Ford Foundation 
representative in Africa. He contributed 
this comment to The Washington Past. 


Critics of the Deal With North Korea Impugn a Diplomatic Success 


W ASHINGTON — Criticisms 
of the nuclear agreement 
with North Korea that miscon- 
strue or misrepresent its terms 
have clouded what should be a 
dear verdict of diplomatic success. 

The worst of them pretend that 
the United States could have dic- 
tated a one-sided outcome, con- 
fuse where the real security threat 
lies, or profess a wholly spurious 
concern for the letter (but not the 
purpose) of the nonproliferation 
regime. They deserve to be dis- 
sected and swept off the table. 

The United States should not 
have negotiated at all. The admin- 
istration has been castigated for a 
“Let’s make a deal” approach. 
WdL what were the alternatives 
to negotiating? 

Sanctions and tougher diplo- 
macy are one answer, but that 
does not withstand scrutiny. The 
sanctions that the United Slates 
hoped to push through the Securi- 
ty Council last spring were in- 
tended to bring Pyongyang to the 
negotiating table,' not to force its 
capitulation. 

A country that has followed a 
policy of strict economic self-suf- 
ficiency for several decades is not 
a prime candidate for economic 
sanctions. North Korea needs only 
two things from abroad: oil and 
remittances from North Koreans 
living in Japan. Cutting off either 
would have required China to 
publicly turn on its ally and apply 
the stranglehold. Not likely. 

Worse, while the world was 
waiting for sanctions to work, 
there would have been plenty of 
time for North Korea to repro- 
cess the five bombs’ worth of plu- 
tonium m its spent fuel rods and 
to refuel its reactor to start churn- 
ing out more. Thus a possible one 
or two bombs could have been 
turned into a serious arsenal of 
seven or more. 

What little we know about 
North Korean thinking strongly 
suggests that before Pyongyang 
peacefully succumbed to eco- 
nomic coercion it would have 
turned to its million-man army. 
So what about the other alier- 


By Jessica Mathews 


native, a surgical air strike against 
North Korea's reprocessing plant? 
The almost certain result would 
have been all-out war, with high 
U.S. and South Korean casualties. 
Conventional North Korean at- 
tacks on one of South Korea’s re- 
actors, or direct use of its nuclear 
weapons, if they exist, would likely 
have made it a radioactive war. 
The cloud could have reached Ja- 
1 . South Korea would have in- 
riled a flattened North. 

Would it have been worth 
starting a nuclear war to avoid 
nuclear proliferation without ex- 
hausting the alternatives? Obvi- 
ously not. 

A deal was O.K., but not this 
deal. The United States conceded 
too much. Senator John McCain 
called it “appeasement." This 
view requires one to stare hard at 
what the North Koreans get and 
to ignore what they gave up. 

First and foremost they have 
given up reprocessing — their 
and every nation's right under 
the Nuclear Nonproliferation 
Treaty. They have agreed to 
freeze and ultimately dismantle 
the reprocessing plant, present 
and planned reactors and the 
fuel fabrication plant — all of 
their weapons-related facilities. 

They have agreed to give up 
their existing fuel rods. They have 
agreed to satisfy the International 
Atomic Energy Agency about the 
plutonium diverted in the past 
and to put it under safeguards. 
They have agreed to special in- 
spections that they had earlier ab- 
solutely rejected. 

In short, they have agreed to 
give up a nudear-weapons capa- 
bility — something that no coun- 
try but South Africa has done 
before. They may renege, but for 
now they have agreed. If this is 
appeasement. Neville Chamber- 
lain would have been a hero. 

North Korea can’t be trusted. 
True, but the deal does not rely 
on trust. Concrete first steps — 
sealing the reprocessing plant 
and the existing reactor and halt- 


ing construction of the new re- 
search reactors — must be taken 
by the Pyongyang authorities. 
Oil supplies and new reactor 
construction can be shut off at 
the first sign of backsliding. 

The deal is a terrible precedem 
It rewards nuclear blackmail. The 
deal sets two precedents. The 
harmful one could not have been 
avoided in any negotiated settle- 
ment. It is that a covert nuclear 
capability held by an un trusted 
nation is an immense — perhaps 
unmatched — asset 

The task now is to make sure 
that no country ever again gets 
that far. The international com- 
munity has the means to do so — 
it knew what North Korea was up 
to years ago, and it knew Iraq’s 
nuclear intentions as far back as 


1980. But the determination re- 
mains to be demonstrated. 

The other precedent, of going 
beyond NPT obligations and giv- 
ing up the means to legally make 
plutonium, is enormously positive. 

Arms control got short shrift. 
The real issue was simply delayed 
for five years. The administration 
brought this critique on itself by 
masting last spring that North 
Korea's past behavior be cleared 
up first This was a mistake — 
later corrected. 

It would have meant publicly 
nibbing Pyongyang's nose in its 
past wrongdoing. And for what? 
The urgent threat then and now 
lay in the imminent possibility of 
North Korea acquiring dozens of 
nuclear weapons. 

The agreement rightly puts that 
much larger threat first. True, this 
means that North Korea will 


technically be in violation of 
IAEA safeguards for five years, 
but that is a small and symbolic 
cost for a large security gain. 
Most of the moans about the 
damag e tha t this arrangement 
does to the IAEA are crocodile 
tears, coming from people who 
otherwise put the integrity and 
effectiveness of international re- 
gimes pretty near the bottom of 
their priorities. 

The North Korean nuclear cri- 
sis is far from over. Carrying out 
the agreement wili require stead- 
fast and surefooted U.S. diploma- 
cy for many years. For that reason, 
the deal demands a fairer and 
more clearheaded assessment now. 

The writer is a senior fellow at 
the Council on Foreign Relations. 
She contributed this comment tc 
The Washington Post. 


What’s This About Clinton Successes? 


W ASHINGTON — In Haiti. 

the world's strongest indus- 
trial and military power has man- 
aged to land forces in one of the 
world’s smallest, poorest, least 
developed countries. Those U.S. 
forces then succeeded in discover- 
ing and destroying some arms 
caches and disarming and arrest- 
ing some “attaches” who had for- 
merly terrorized the population. 

Additionally, the U.S. govern- 
ment arranged the return of Pres- 
ident Jean-Bertrand Aristide, se- 
cured the cooperation of the UN 
Security Council in repeating the 
economic embargo that it had 
caused to be imposed and made 
commitments of economic aid 
Little progress has been made 
toward “restoring” democracy. 
Haiti lacks virtually any of the 
characteristics believed required 
for democratic government. 

The fact that no one can ex- 
plain how tins Haiti venture con- 
tributes to theU.S. national inter- 
est still seems not to bother either 
the Clinton administration or the 


"And Work Just a Little Bit Harder 9 


B OSTON — The highest of- 
fice in a democracy. Justice 
Louis Brandeis used to say, is 
the office of citizen. Like James 
Madison and the others who 
founded the United States, he 
believed that Americans have a 
duty to be involved in the issues 
facing their country. 

The man who performed the 
office of citizen better than any 
contemporary 1 know died on 
Ocl 21. Jerome B. Wiesner was 
scientist, president of the Massa- 
chusetts Institute of Techno- 
logy. government official. In or 
out of public positions, he never 
stopped working for the coun- 
try's good He never thought 
that was not his problem. 

Jerry Wiesner s life is espe- 
cially worth noting at a time 
when Americans are so darkly 
pessimistic, down on their gov- 
ernment and even on their 
country- For he exemplified the 
old America: optimistic, gener- 
ous, committed, convinced that 
the country could do and be 
anything if it tried. 

The current American mood 
was chillingly caught in a report 
by Richard L Berke of The New 
York Times (IHT. Oct. II). In 
interviews around the country, 
people told him how terrible 
things were. Several said they 
wanted to emigrate. Emigrate! 

Then there is the rise of nativ- 
ism, a sure sign of public fear and 
anger. The governor of Califor- 
nia fans hatred of foreigners, by 
supporting a measure that would 
make children wear identifica- 
tion cards to kindergarten to 
prove that they are not illegal 
immigrants. Any child who looks 
“different” would be suspect. 
The truth about immigrants 


By Anthony Lewis 

— how their dream bas made 
America great — is in Mr. Wies- 
ner’ s story. His parents came to 
the country at the lum of the 
century from Vienna and East- 
ern Europe. He grew up in De- 
troit and went to the University 
of Michigan, the first in his fam- 
ily to have any higher education. 
From that time he never stopped 
contributing to the country. 

In World War II, at the MIT 
Radiation Laboratory, he played 
an important part in the develop- 
ment of radar. He figured out 
how to communicate by bounc- 
ing beams off the ionosphere, 
making possible FM radio and 
microwave communication. He 
worked at Los Alamos on nucle- 
ar bomb instrumentation. 

After the war he went to 
Washington. He was on Presi- 
dent Dwight Eisenhower’s Sci- 
ence Advisory Committee. On a 
committee dealing with strate- 
gic weapons, he argued strongly 
for the development of ballistic 
missiles. He was Science Advis- 
er to President John Kennedy. 

It was a time when we Ameri- 
cans saw science as the hope of 
the world. But we began to see 
it, too, as a profound menace — 
unless its forces were brought 
under the control of human rea- 
son. That became the work of 
Jerry Wiesner s life. 

He brought home to Presi- 
dent Kennedy the danger of ra- 
dioactive fallout from nuclear 
weapons tests. He played a cru- 
cial pan in answering opposi- 
tion to the atmospheric test 
ban treaty when the Kennedy 
administration negotiated it 


with the Soviet Union in 1963. 

Bui listing his official posi- 
tions or accomplishments does 
not convey the essence of Jerry 
Wiesner. He cared deeply, in- 
tensely about the fate of his 
country and mankind. Yet he 
was never strident, never rigid. 
His was the quiet voice of reason. 

“He had the knowledge of 
evil,” a friend said, “but be did 
not see people in those terms. He 
always thought it was possible to 
change minds.” He shared Presi- 
dent Eisenhower’s concern about 
the military-industrial complex 
and bow it was changing Ameri- 
can society, but he once wrote 
that its leaders were “not evil.” 
They just were not willing to see 
that ever more weapons made 
America less, not more, secure. 

He knew and talked with the 
leaders of many countries. But 
he was the least self-important of 
men: indeed diffident, and with 
an explosive sense of humor. 

“Never for one minute did be 
stop bong a citizen,” a friend 
said. In his final illness he was 
still corresponding with the sec- 
retary of defense. William Peny. 

In 1980, a time when the arms 
race seemed unstoppable, he 
spoke at MIT of how difficult it 
was for the system of democrat- 
ic control to work in our techno- 
logical age. But he was con- 
vinced, he said, that citizens 
could still stop nuclear folly. 

Someone said he was an op- 
timist. He replied: **! don't 
know whether I’m an optimist 
or not, but I’m a realist. 1 real- 
ize this is the only world we’ve 
got. We have to use our intelli- 
gence, our reason — and work 
just a little bit harder.” 

The New York Ttm?s. 


By Jeane Kirkpatrick 

various journalists who have 
termed it a “success.” 

The North Korean “success” 
looks little better. After months 
of negotiations and the death of 
the patriarch. North Korea’s 
government agreed to permit the 
United States and its allies to 
provide it something over $5 bil- 
lion worth of oil, two new up- 
scale nuclear reactors and a vari- 
ety of other high-tech goodies, in 
return for which North Korea 
will permit international inspec- 
tions of its existing reactors in 
about five years — unless, of 
course, it has changed its mind 
in the interim. 

And that’s about it — except 
that the United States will inau- 
gurate full diplomatic relations 
with this totali tarian Communist 
dictatorship, and will maintain 
American forces in South Korea. 

It is extremely difficult to see 
bow American national interest 
or nuclear nonproliferation poli- 
cy has been served by this non- 
achievement, and, as in Haiti, the 
“victory” is expensive. 

The third in the touted “string 
of successes” before Mr. Clinton’s 
Mideast trip was l be deterring of a 
new Iraqi invasion of Kuwait 

In the absence of reliable facts, 
we are, each of us, free to choose 
what seems to us the most plausi- 
ble explanation of why Saddam 
Hussein moved some 60,000 crack 
troops toward the Kuwaiti bor- 
der. My best guess is that, feeling 
frustrated, this man of extremely 
violent inclinations did what 
comes naturally in the effort to 
break out of UN sanctions. He 
threatened to use force. 

He “tested" the new American 
president to see how Mr. Clinton 
would react. What the Iraqi 
learned caused him to turn to 
other tactics. In subsequent days 


the U.S. president has explained 
to journalists that he learned, as a 
boy. how to deal with bullies. 

Let me be fair. The response of 
President Clinton and his team to 
Saddam Hussein’s threatening 
move was timely, dear and firm 
enough to achieve his goal. 1 
count this a success. But it may 
have been made necessary by pre- 
vious impressions of weakness. 

And let me emphasize that this 
success depended not only on the 
personal impression made by the 
president but also on American 
military strength — which is 
steadily declining. I hope Bill 
Clinton understands that contin- 
ued reductions in American mili- 
tary power will undermine his 
credibility as quickly in the world 
as on the playground. 

Then came the Middle East, 
where Bill Clinton managed to 
look as if he, rather than Yitzhak 
Rabin, had played the central role 
in negotiating a formal peace 
with Jordan's King Hussein. 

In Bosnia, where (he president 
has repeatedly promised more de- 
cisive action, the U.S. position 
has folded once again in the face 
of UN and allied opposition. 

In Somalia, the efforts at paci- 
fication, reconciliation and na- 
tion building undertaken by Bill 
Clinton (not George Bush) have 
long since been abandoned. 

No official comment has been 
offered on the persistent rumor 
that there is an intent to enhance 
U.S. relations with the govern- w 
meat of Fidel Castro as part of a 
long-range plan to bring demo- 
cracy to Cuba. 

In sum, I would say the for- 
eign policy of the Clinton ad- 
ministration at midterm is not a 
disaster. But it is also not a suc- 
cess. It does not reflect the high 
standards and moral seriousness 
that we were led to expect. It is, 
at best, disappointing. 

O Los Angeles Times Syndicate. 


IN OUR PAGES: 100, 75 AND 50 YEARS AGO 


1894: French Treason? 

PARIS — [The Herald says in an 
editorial:} Public opinion in Paris 
was much impressed yesterday 
[Oct. 3 1] by a piece of news which 
is undoubtedly of a most grave 
and distressing character. A 
French officer, attached to the 
General Staff of the Ministry of 
War, is said to have betrayed his 
country and to have sold to a 
foreign Power — which is said to 
be Italy — documents relating to 
the mobilisation of the army. 

1919: All Saints 9 Day 

PARIS -— To-day [Nov. 1} being 
All Saints’ Day, which is particu- 
larly devoted throughout France 
to honoring the dead, all the cem- 
eteries and churchyards in the 
country will be objects of pilgrim- 
age. for in France the cultus or the 
memory of the dead claims the 
attention of all. This pious cus- 


tom will this year be observed 
more carefully than usual, for the 
war has spared few families in 
France, and those who cannot 
visit the military cemeteries will 
nor fail lo visit the great cemeter- 
ies, in ail of which there is a me- 
morial to those who have fallen 
for their country. Such Parisian 
cemeteries as P^re-Lachaise, 
Montparnasse and Montmartre 
will, therefore, be visited by even 
larger crowds than usual. 

1944: More f Dour”War 

LONDON — [From our New 
York edition:] Prime Minister 
Churchill warned for the third 
time again st hoping for an early 
end to the European war. Chur- 
chill said Nazi resistance may noli 
be overcome before early sum- 
mer. He stated that the conflict in 
Europe promises to be “dour and 
hard, ’ and that its violence will 
increase on all fronts. 







BVTERNATIONAL HeI^U) TRIBUNE, TUfiSDAY, I^OVEMBI 


P IN I 



California Reserves Its Right to Decide ThePope 


-ry 


V1TASHINOTON — Justice 
WHiam Brennan, asked if 
he any decision he 

rendered during his 34 years on 
the ^Supreme Court replied. 

HcU no, | never thought that I 
*ni> wrong,” 

And be always thought he 
had a right to impose social 
policies he considered right To* 
day's national debate about 
California's Proposition 187, 
which would deny free public 
education and some other non- 
onergemry public services u> il- 
legal immigrants, arises from 
damage done by Justice Bren- 
nan's, and the court's, hubris. 

In 1982 the court narrowly 
t5-4) overturned a Texas statute 
denving free public education 
to illegal immigrants. The ma- 
jority opinion, written bv Jus- 


By George F- Will 


lice Brennan and joined by Jus- 
tices Marshall. Powjell. 
Blackmun and Stevens, extend- 
ed the 14th Amendment's guar- 
antee of "equal protection of 
the laws" to people seeking en- 
titlements from a state in which 
their presence was illegal. 

Justice Brennan signed that 
Texas’s statute was unfair be- 
cause Illegal immigrant minors 
are not responsible for where 
they are, that the law was had 
social policy because it might 
produce an underclass, and that 
therefore the law was unconsti- 
tutional. This is the familiar non 
sequitur by which judges turn 
courts into legislatures: whatev- 
er the judges deem unfair or un- 
wise must be unconstitutional 

Chief Justice Burger, dissent- 


ing and joined by Justices 
White, Rehnquisl and O'Con- 
nor, noted that "the court 
makes no attempt to disguise 
the fact that it is acting to make 
up for Congress* lack of 'effec- 
tive leadership' " regarding im- 
migration. The court, he said, 
was yet again attempting 
“speedy and wholesale formula- 
tion of ‘remedies' for the failures. 
— or simply die laggard pace — 
of the political processes of our 
system of government." 

Justice Brennan did acknowl- 
edge that "courts must be atten- 
tive to congressional policy" 
which “might well affect the 
state’s prerogatives to afford 
differential treatment to a par- 
ticular class of aliens." But he 
was inattentive. By 1982 Con- 
gress had made its thinking 
dear through laws barring ilk- 
gal aliens from Supplemental 
Security Income and Aid to 
Families With Dependent Chil- 
dren. In 1986, Congress did the 
same regarding nonemergency 
Medicaid services. 

In 1990 Congress created 
“Temporary Protected Status" 
for legal or illegal aliens unable 
to return home because of cir- 
cumstances such as civil disor- 
der. Congress, doing something 
like what Proposition 187 would 
do, said people with this status 
are ineligible for most federal 
benefits. This year, in providing 
disaster relief for California. 
Congress excluded illegal aliens 
from almost all benefits. 


The 1 982 decision was part of 
a pattern of judicial usurpations 
of state and local responsibil- 
ities. These usurpations have in- 
volved courts supplanting dem- 
ocratic institutions in 
formulating policies concerning 
pornography, capital punish- 
ment administration of prisons 
and mental health facilities and 
public housing abortion, school 
financing . Christmas displays 
and manv other matters. Yet 
critics of Preposition 187, which 
is designed to force the Supreme 
Court to reconsider its 1982 
usurpation regarding policy to- 


ward illegal immigrants, seem 
scandalized that Californians 
are trying to reclaim a right of 
sdf-dettrrninatioa. 

Critics who denounce Propo- 
sition 187 as “immigrant bash- 
ing" miss a point that evidently 
is not missed by the approxi- 
mately SO percent of California's 
Hispamcs who support it: Prop- 
osition 187 concerns not what 
national immigration policy 
should be, but what state policy 
should be regarding violators of 
whatever the national law is. 

Critics of Proposition 187 my, 
correctly, that government by 
initiative undermines r ep r ese n - 
tative government, under which 
the people do not decide issues, 
they decide who shall decide. 
However, many critics of Propo- 
sition 187 are unofTcndnd by an- 
other subvention of representa- 
tive government, judicial policy- 
wmltmg - There probably would 


LETTERS TO THE EDITOR 


Rronniqj^ anil American voices. What message 

will this convey to children who 
Regarding the report "UJS. watch the film? The stereotypes 
Tries to Bolster Africa Peace- were obvious from the begin- 
keeping ” (Oct 25): ning After all, the evil ydymer 

The United States has decided was the black-maned 1km. 


to increase military cooperation 
with African countries “to en- 
courage efforts to contain con- 
flicts in neighboring states." It 
would make more sense to dimi- 
nate the root causes of these con- 
flicts and thereby reduce the 
need for peacekeeping missions 
and humanitarian assistance. 

In Somalia, Rwanda and Yu- 
goslavia, economic disaster pre- 
ceded social disintegration. In 
many countries, rising poverty 
and unemployment are the re- 
sult of burdensome debt, curren- 
cy devaluation, deteriorating 
terms of trade, falling commod- 
ity prices, and the transfer of 
resources to the industrialized 
nations. As people lose hope erf 
escaping from the decline in liv- 
ing standards, they can easily be 
manipulated by fundamentalists 
and ethnic chauvinists. 

A major reorientation of eco- 
nomic priorities and policy is 
urgent if the world is to avoid 
further breakdown, eliminate 
the need for military solutions, 
stem the flow of refugees and 
migrants, and prevent environ- 
mental destruction. 

JANET BRUIN. 

Geneva. 

Animated Racism 

On a recent visit to the Unit- 
ed Slates, I had the opportunity 
to sec (he film "nie Lion 
King.” While 1 was impressed 
by The beautiful animation, 1 
was appalled bs the racist ste- 
reotypes perpetuated by the 
film. Slaking the hyenas the vil- 
lains is not good ecology: but it 
is slkjJung to civc the villanous 
hyenas recognizably African- 


wili this convey to children who 
watch the film? The stereotypes 
were obvious from the begin- 
ning. After ah, the evil schemer 
was the black-maned 1km. 

FLEUR NCTWENO. 

Nairobi 

Chunnd Coincidence? 

f find your front-page article 
“Chunnd Opens Door Nov. 14 
to Passengers” (Oct 18) intrigu- 
ing, coining as it did less than 
one week after the cessation of 
violence announced by the loy- 
alist paramilitary in Northern 
Ireland. For months the chun- 
nel authorities gave one excuse 
after another for postpone- 
ment of the opening. Thai the 
IRA announced a cessation of 
violence, and the chimnel be- 
gan truck service. 

Just a coincidence — or is 
pressure from France via the 
European Union the real reason 
Prime Minister John Major is 
finally making the Northern 
Ireland “troubles” a priority? 

JEANETTE F. HUBER. 

Kinsale, Ireland. 

Stiffen That Upper lip 

Regarding “ Royal Divorce in 
the Works?* ( Oct 19): 

I cannot help but ponder the 
revelation by Prince Charles’s 
authorized biographer that the 
heir to the British throne felt 
pressured by his father. Prince 
Philip, to marry Diana. 

Give me a break! Prince 
Charles was a widely traveled, 
sophisticated adult when he 
chose his bride — not a toddler 
sucking on a lollipop. His plain- 
tive squeals that it was not his 
fault make him all the more 
pathetic in the eyes of those 
who saw Lady Diana Spencer as 


a gift to due Crown, not a liabil- 
ity. Fjigftmd deserves better. 
FREDERIC LANG GALACAR. 

Essex, Massachusetts. 

Hie Gang's All Here 

Regarding the report “ Ging- 
rich to Attack if Republicans 
Take House” (Oct. 15): 

Newt Gingrich has called the 
Democratic Party “the enemy 
of normal Americans.” I as- 
sume that by normal Americans 
he indudes Oliver North, Jessie 
Helms, Alfonse D’Amato, Pat 
Robertson, Jerry Falwell and, 
of course, himself. If these peo- 
ple are normal Americans, then 
God help the Republic. . 

AARON STERNFIELD. 

Merges, Switzerland. 

Regarding die news analysis 
** Clinton, on a Limb, Invites 
Comparison With Reagan" (Oct 
13) by David S. Braden ■ • 

Bill Clinton is certainly 
t reading unsafe ground in his 
attydr against Ronald Reagan 
and his past economic theories. 

I have never been an admirer of 
the Democrats, and am even less 
of one of the sittmgpresident of 
the United States. To go on the 
offense against “Reaganomics" 
and the success of the 1980s is a J 
wire act of desperation. Mr. 
Reagan is stfll, deservedly, one 
of the mo6t popular presidents in 
American history. 

MICHAEL TAUBE. 

London. 

Bat Who Needs IQ? 

Enough debate. Since when 
do you need a high IQ to be 
successful in America? Lode at 
Forrest Gump. Dan Quayle and 
Ronald Reagan. 

SHELDON UTT. 

Stockholm. 


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be no Proposition 187 if elected 
officials, in Washington and 
Sacramento, had not been cor- 
rupted by the culture of judicial 
activism and been delighted, as 
the political class often is, to 
allow a court to take custody of 
an inconvenient problem. 

When Justice Brennan dis- 
covered a new sweep for the 
14th Amendment, the amend- 
ment was 1 14 yearn old. When 
it was ratified, and for many - 
decades thereafter, the nation 
had essentially open borders. 
What the country did not have 
was a. welfare state, the opera- 
tion of which becomes particu- 
larly problematic when courts 
legislate policies that expand 
entitlements to public resources 
that are finite: 

Principles of federalism and 
popular government combine 
to justify Californians' right to 
decide bow to allocate their in- 
creasingly scarce resources. 
Nevertheless, critics say Propo- 
sition 187 is unconstitutional 

S teals say: Perhaps, but 
s only until the Supreme 
is forced to rethink its 
1982 ruling (hat removed an im- 
portant policy from the purview 
of state government. 

Only one of the five majority 
justices from 1982, Stevens, re- 
mains. Two of the four dissent- 
ers, Rehnquist and O’Connor, 
remain. If joined by Justice 
Thomas, Justice Scalia and one 
other, 1982’s judicial fiat will be 
overturned and tire issue re- 
stored to popular sovereignty. 

“The justices,” wrote Justice 
Brennan of his colleagues, “are 
certainly aware that we are not 
final because we are infallible; 
we know that we are infallible 
because we are final” By passing 
Proposition 187, Californians 
can have a say about whose 
voices are final m a democracy. 

Washington Poet Writers Group. 


i w Recoi 


a soci 


Then 




life 


Cheapens 
His Office 

By Column McCarthy 

W ASHINGTON — Of 
Pope John. Paul IPs de- 
vootriess and his zeal to lead 
the Roman Catholic Ch ur ch, 
no doubts exist. Of his ability 
to write a book that flows with 
artful Iwnpuay fresh insights 
anrf ihtcUoctutl dqpth, doubts 
abound —and are confirmed. 

To call John Paurs “Cross- 
ing tire Threshold of Hope” a 
book is stretching ft. Superfi- 
cial jottings is closer to the 
fact Ah Honest title to (his 

227-page work that has an in- 
ternational first printing of 20 
million copies and . a $6 mil- 
lion advance would have 
been: “Random Thoughts I 

MEANWHILE 

Dashed Off While Not Busy 
Running the Church.’' 

The Pope's exertion was no 
more iR«n answering a set of 
written questions submitted by 
Vittorio Messori, a Vatican-ap- 
proved Italian journalist who 
edited tire replies into 35 bite- 
size chapters. Originally, the 
questions were saonntted to 
tire Pope as a basis for a pro- 
posed Italian television show. 
His Holiness never found time 
to tit still for tire cameras, so he 
settled for second best, a quick- 
ie bock. The book is thu s an 
Bflynriwl question- and-answer 
sesston, with the questions ex- 
cessively reverentiaL 
The Pope's publishers have 
marketed the book as if it were 


jprr 

. is 1 !! \ 1 . 

■ i. ,! -■ 


h • ! 

- ! V 

L >.h 


f-m- 


r h'smt 


not only a literary masterpiece 
but a sure best-seiler- A cardi- 
nal promoted tire book on the 
“Lany King Live” talk show. 

The Pope’s language ranges 
from the wooden to the stilt- 
ed. “The encounter with the 
young people at Casablanca 
Stadium,*' he jots Of his 1985 
trip to Morocco, “was unfor- 
gettable. The openness of tire 
young people to the Pope’s 
words was striking when he 
spoke of faith in the one God. 
It was certainly an unprece- 
dented event” 

When not referring to him- 
self in tire third person, John 
Paul trades, is put-downs of 
other religions. Buddhists 
have a “negative 7 ’ tradition. 
Buddhism “is in large mea- 
sure an ’atheistic? system.” He 
knocks Islam. It “is not a reli- 
gion of redemption. There is 
no room, for tire Cross and the 
Res ur rection. Jesus is men- 
tioned but only as a prophet” 
-As if he had a vow of obedi- 
ence, Mr. Messori aiks tepid 


questions. “Young people,” 
he begins one, “have a special 
dace m the heart of tire Holy 
Father, who often repeats that 
tire whole Church looks to 
them with particular hope for 
a new beginning of evangeli- 
zation- Your Holiness, is this a 
reaHstic hope?” 

Handling this tough one 
with aplomb, John Paul re- 
plies; Tfore you open an 
enormous field for discussion 
and reflection.” 

‘ The field is of such enormi- 
ty that the Pope’s mind wan- 
ders through it, quoting scrip- 
ture here, citing anecdotes 
there and finishing with an 
admonition: “It is necessary 
that the young know the 
Church, that they perceive 
tn Church ” 

Such words and ideas are 
edifying. They are sincere. 
They axe noble. But they don’t 
qualify as fiteratnre. This is 
not a . book_ remotely ap- 

~ nKtxTnrnrt^ fj Wary p oHgh fo und 


in such classics as “ Journal _of 
a Soul” by Pope John XXIIL- 
In “Crossing," John Paul is 
his famili ar self, fl- dogged 

qpizrionator, a pontiff pontifi- 
cating. On women: “A certain 
contemporary feminism finds 
its roots in the absence of true 
respect for woman." On abor- 
tion: “It is not possible to 
speak of the right to choose 
when a dear moral evil Is in- 
volved, when what is at stake 
is the commandment Do not 
HIM Might this command- 
ment allow of exceptions? The 
answer in and ofritself is no.” 

. John Paul has legions of ad- 
mirers who see in such 
thoughts a principled leader 
who stands for. something. 
That is a separate issue from 
literary excellence. ' - 

By accepting a brig-bucks 
deaf for a paste-up book, the 
Pope is just another pseudo- 
author letting agents and pub- 
lishers cash in on his celebrity. 
The papacy is cheapen*#; - 
The Wash i n gto n Post. 


Join an art movement in Madrid 


H faces in the crowd? A stroll around Madrid’s galleries is alwayf 
&sion. We call it the “Paseo del Arte”. Start with the .j- . . 


jt the Prado, 
to the Reina 
(mica 7 *- Time 


etMiDii nmol « (uouD.ruioDunuoo 


Lunch nearby. 
Sofia, home to 
^ fora little shop- 


to the Thyssen Bomemisza, one of the world’s largest Pa5sion 

)k ■ - - m . - w for life 

Sons. Finally, stop at a local bar to discuss life, and art. 


I Vl j ■!•*■ 

I v 


71 409 70ClH FA*' +44 T< J 3004 


S 1 -* i sn.-'ji 


ft 



fiouth Korea Appeals to C 

Beijing’s Help Sought in North Nudear Issue 


SEOUL — President Kim 
' Sam o t South Korea on 

"° y*y VffA Prime Minister 
J of Chins to play an 
*trwe robs in ensuring that 
■wth Korea abides by the Ge~ 
teva aooord aimed at neutraliz- 
Bg its nuclear program. 

Mr* Kim made his appeal 
luri ng a meeting with the Chi- 
nese prime minister, the high- 
si-ranking Chinese official to 
vsn Seoul 

Mr. U responded positively, 
tre arhggia l aides said. 

Ml, Kim said the accord, 
fgnecT by Pyongyang and 
Washington on Oct, 21, repre- 
•entod a framework to settle the 
Ssoc of North Korea's nuclear 
tabitkms, a major source of 
fusion in the region for the 
aS 18 months, they reported. 

| The two leaders also agreed 


that the accord had provided 
“new momentum** For restoring 
dialogue between the two Ko- 
reas, broken off since the July 8 
death of the North Korean 
president, Kim II Sung. 

Mr. Kim said the South 
would make efforts to rerive 
plans for an inter-Korean sum- 
nut. which was set for this year 
but aborted by Kim II Sung's 
death. But he said any effort 
would have to wait until North 
Korea had officially named 
Kim II Sung's eldest son. Kim 
Jong II, as his successor. 


China, which backed Pyong- 
yang militarily during the Kore- 
an War and is the North's most 
influential ally, is credited by 
the United States with playing a 
quiet backroom role in getting 

Pyongyang to the negotiating 
table. 

During an expanded meeting 


Chinese Arms Talks 
^Are First in 6 Years 


Clmfdtdkf OwrSu^Fnm Ouputthn 

| BELTING — Chinese and 

• American arms negotiators, 

■ electing for the first time in six 

• ream, TOOved closer to com- 
mon ground” on weapons is- 
sues, the director of the U.S. 

. tarns Control and Disarma- 
ment Agency said Monday. 

The two sides discussed ban- 
ning nudear tests and extend- 
ing the Nudear N onpro lifers- 
•ion Treaty, said the agency’s 
director, John Hoi urn. 

The talks also covered pluto- 
nium and uranium production 
and ways to implement a recent 
U5. nudear agreement with 
North Korea, he said. 


Mr. Holum said of his talks 
with Vice Foreign Minister Liu 
Huaqiu. 

Mr. Holum credited China 
with an important role in bring- 
ing North Korea bade into the 
international nudear fold. 

China is wilting to negotiate a 
nuclear test ban u it can main- 
tain an option to explode nucle- 
ar bombs for peaceful purposes, 
such as excavating, he said. 

China has exploded three nu- 
dear bombs in the last year. 

Washington bas a moratori- 
um on nuclear testing and is 
asking other nudear powers to 
observe a similar ban. 

Mr. Holum said he did not 


The United States suspended pursue a suggestion made by 
tmfitary contacts with China Defease Secretary William J. 
followma Beiiine's crackdown Perrv when he visited China 


following Beijing's crackdown 
on, the Tiananmen Square anti- 
zoverament movement in 1989. 
' ~Chani£A in the international 
security Environment over that 
rix-yera period led to a much 
bibader range of common views 
and common thinking between 
the United States and China,” 
-= — V — 

Storm Kills 15 in Madras 

The Associated Press 

MADRAS. India — High 
winds toppled rain-weakened 
holdings and electridty pylons 
Monday, killing IS people in 
this south Indian port. 


Perry when he visited China 
earlier in October about helping 
Beijing use computer simula- 
tions to replace nudear testing. 

But he repeated U.&. con- 
cerns about China's testing, 
which included the second test 
blast in four months at the bo- 
ginning of October. 

“We obviously do regret Chi- 
na's continued testing pro- 
gram,” he said 
Mr. Holum said he invited 
Mr. Liu, who is a People's Lib- 
eration Army general, to the 
United States for further arms 
control talks next spring. 

(AP, Reuters) 


that followed the two leaders’ 
tSie-h-tftte, the two sides dis- 
cussed details for technology 
tie-ups in aircraft manufactur- 
ing, mUnnalring, high -defini- 
tion television, mid automatic 
telephone switching systems. 

The expanded talks were at- 
tended by the Chinese foreign 
minister, Qian Qichen, and his 
South Korean counterpart, 
Han Sung Joo, as welt as the 
Sooth Korean trade and indus- 
try minister, Kim Chu) Su, and 
other ministers. 

Mr. Li and Mr. Kim later 
toasted one another with Kore- 
an champagne after attending a 
ceremony for the signing of 
three bilateral accords: on di- 
rect air links, a jam-venture 
plane project and a memoran- 
dum of understanding cm coop- 
eration in nudear power gener- 
ation. 

Mr. Li, accompanied by his 
wife, Zbn Lin, and a 14-mem- 
ber entourage, arrived here ear- 
lier Monday for a five-day visit 
that will take them to industrial 
rites and to the resort island of 
Chou before returning to Beij- 
ing Friday. 

He is accompanied by doz en s 
of business leaders, most of 
whom flew to Seoul in advance 
of the official party. 

China is North Korea's only 
remaining major ally and South 
Korea hopes for Chinese sup- 
port in defining inter-Korean 
tensions. 

During his visit, Mr. Li will 
visit factories run by three of 
South Korea’s biggest compa- 
nies, an of whom plan major 
investments in Cfima. 

Since the two countries es- 
tablished diplomatic relations 
in 1992, economic relations 
have boomed. China ranks 
South Korea as its sixth largest 
n mting partner while r*hina is 
Seoul's mszd largest. 

China put bilateral trade at 
$4.96 billion in the first half of 
1994, up 59-5 percent from the 
same 1993 period, while its 
trade with North Korea fell 
2151 percent to $336 million. 

Millions of dollars of new 
South Korean investment have 
poured into many pans of Chi- 
na, including big coastal cities, 
but especially the heavily ethnic 
Korean areas of northeast Chi- 
na’s Jilin and Liaoning prov- 
inces, bordering North Korea. 

The Korean ventures pro- 
duce metal goods, textiles and 
many garments, nonferrous 
metals, shoes and leather goods, 
many of them for export. 

(AFP, Reuters) 



How’s Deng? The Zhongnanhaiologists Wonder 


By Steven Mufson 

Washington Poet Serna . 

BEIJING — The Chinese equivalent 
of Kremfinology has been a busy busi- 
ness recently, fueled by a spate ot ru- 
mors that C hina’ s 90-year-old leader, 
Deng Xiaoping, is near death- 

Speculation about Mr. Deng's death 
— a pastime here for many years — 
began its most recent- boomlet when he 
failed to make an appearance on Oct. 1 
for China's National Day, the 45th anni- 
versaiy of the C ommunis t Party victory 
over the Nationalists. 

On Oct. 6, the newspaper Wenzhou 
Ribao quoted Mr. Deng's younger sis- 
ter, Deng Xianqtm, as saying that she 
watched National Day fireworks with 
Mr. Deng at. the g ov ernm ent's Beijing 
guest house. 

. But this report was contradicted five 
days later by South Korea's Yonhap 
news agency, which claimed that Mr. 
Deng was in a coma and had been at 
Army Hospital No. 305 since late Sep- 
tember. It said he was being kept alive 
by life support systems and had been 
near death on Sere. 26 and 28. 

On OcL 13, the Foreign Mimstry’s 
new spokesman, Chen Jian, declared at 
a regular weekly briefing thy. “Deng 
Xiaoping is in good health.” y \ 


Pressed about whether Mr. Deng was 
at home or in a hospital, Mr. Chen gave 
the stock answer used by his predeces- 
sor “Deng Xiaoping is wherever he is.” 

Last week, Mr.. Deng’s daughter and 
private secretary, Deng Rong, during a 
visit to Hong Kong, asserted that her 
father was all right 
“His health a not bail” riw was 
quoted as saying in the Smith China 
Morning Po®ti-“Of course, he is a 90- 
year-olaman now.” • .... 

Mr. Deng has 1 been the architect of 
China's economic reforms over the last 
16 years and has held together compet- 
ing factions within the Co mmunis t Par- 
ty while pursuing rapid economic 
growth and tighl political controL 
Ms' designate d successors — princi- 
pal among them is the president and 
party chief, Jiang Zemin -—will be hard- 
pressed to do the same because they lack 
his stature and ■authority. 

Each time airumor spreads, it sends; 
Chinese stock markets into spasms. On 
several occasions in October, die Shang- 
hai and Shenzhen stock indexes soared 
or plunged by more than 10 percent in a 
single trading session on rumors about 
Mr. Dengs health. The stock market in 
Taiwan had similar gyrations.. 

■ Speculation has also been fed by sev- 


eral front-page editorials in the official 
press. 

The editorials have called on tiie pop- 
ulace to rally around the party, the na- 
tion’s leaders and the spirit of Mr. 
Deng’s economic reforms. Reading be? 
tween the lines. Zhongnanhaiologists — 
Zhongnanhai is die Chinese- equivalent 
of the Kremlin — view this as the type of • 
pica that' would be made by Mr. Deng's 
successors. ; • [ 

Tn an unusually bank editorial Peo- 
ple’s Daily on Oct. 22 warned that “it 
would be hard for forces from without 
to topple the party, but the party may 
collapse at its own hands.” V 

Outer signs have been-tdhng. One 
newspaper ran a six-year-old photo- 
graph of Mr. Deng; raising , speculation 
that his current condition was so dfecrep-' . 
it that he could not be seem In his most 
recent public appearance; inFebjuary 
daring the Lunar New Year, he. walked 
unsteadily and appeared disoriented,- 
many tdevison -viewers said: • • ' 

. Many analysts see signs. of a succes- 
sion battle. .. . 

. An OcL 11 commentary in Guangm- - 
mg Daily was seen asa bid by Mr. Jiang 
to consolidate his position as; Mr. 
Deng's most likely successor. The article- 
relied for strengthening the party by 


bademg “the ideology of leadership 
headed by 'Jiang Zemin” and by 
strengthening “the role of the party’s 
leader.” ' 

An editorial the next day in People's 
Daily about “democratic centralism’' 
was described by some analysts as an 
answer by alfies of the N ational People’s 
Coiagress-chainnaivQiao Shi, a poten- 
tial rivaL ■ 

The editorial said; .“Without central- 
ism based on democracy, there would be 
no correct fine; principles, policies, uni- 
fied understanding or action in the par- 
ty; tior could tiie ultimate aim of giving 
full -scope tty democracy be achieved.” 

The editorial added that “centralism 
means to pod- the opinions of all quar- 
tets'” 

. - The . editorial- said the leadership 
should “perfecta series of systems con- 
cerning democratic Ceatralismso that it 
will riot changewith a diange m leaders, 
thdr views or thdrfocus of attention.” 

What afi thitf.iwfentiSj in the view df a 
Hong. Kong atiatystj is that whatever 
Mr. Deng's physical state, politically he 
is already finished. That would explain 
the Hood of retrospectives — such as the 
-recent- idease of Ttis speeches on com- 
pact discs— andrite eulogy-like tone.of 
recent articles. - . 








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Coddbum’s Special Rcsavc Pat, mi pemder the metis of. Fmm r ah al vosus Czmeffibed _ or yoar oai business more. Yba know your own , 

’here be fwiheodier things Tte ambience in SafRcs Gass is amdodve to bah Wkfa spacious seating so you can aroefa ow wsh a gbss of nrinrihgL tfs a good ferime lavkK tfaemm orier- and oorgarie bosasses p cae fory» as know how.anGAPORE / ^,‘^^ 







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INTERNATIONAL HERALD TRIBUNE, TUESDAY, NOVEMBER 1, 1994 




a/ '. <*5 ••• 

fell: 


Anxious Time for Antwerp’s Jews 

b* cans e Vlaams Biol ger for our country and for the Bui the 28.8 percent share 

ANTWERP hhmigranis of Jewish community,” said Sid- won by the Vlaams Blok was 

Within this citv’e **** Nort}l African on- ney Bememan, a lawyer and easily the biggest vote won by 

and^dos^tarifwis^^^ 15 ^ spokesman for the F^nim of any far-rigbt party anywhere m 

nhy^conversatkm ouidcl^^^" have never attacked Jewish Organizations in Flan- Europe. That it happened \ m the 

tofte community," Mr. ^ers. Jews who try to keep their center °f 

tresne rizht^nJSf* SLJt 0 .*** Davids stud, heads down m Antwerp these perous region, a liberal trading 

dons. local dee- That view is widely shared at ^ “are wrong," be said. and cultural city that welcom^ 

But if anxiety is universal S e Ant ^ CI P Diamond Bourse, “There were people in Ger- 

Jews am deeply divided iinSx ?* Souroe J obs Md wealth many before the war that said SSKfSr 

r«mno. Fjuiviaea minor for most of the «n,’ B in ivm tW was fnr th* vors of Nazi death camps alter 


response. 

■ Louis Davids, editor of the 
local Jewish weekly newspaper 
expresses concern that the city’s 
bigpt parry is now the Vlaams 
Blok, or Flemish Bloc, which 
combines an anti-immigrant 
platform modeled after. Jean- 
Marie Le Pen's National Front 
in France with a demand for 
independence for Flanders, 
Belgium’s Dutch-speaking 
northern region. 

But Mr. Davids says Jews 
should not inflame passions, es- 


, • ■ v ““ v wi jwa turn weaiui ‘uiunr uciure me war umi mju ~ . », . , . v -f*-r 

for most of the city’s 20,000 there was no danger for the vors of Nazi death ca^s 
Jess. * ,uw Jnra.buthiMOFyiSTedomthe Worid War U, is all the more 

“lt*s not in the interest either other way around,” he said. striking, 
of the Jewish Community nor The rise of rightist parties is th ^IS h! 

-he diamond community to be far from unique to Antwerp. In 2*?*? 
involved in the political prob- Brussels and in Belgium’s S 

lem here, said Peter Meeus, French-speaking southern half, JSSSni^aSJSl^ltJEHSine 
managing director of the the anti-SmiJrant National 


But that complacence angers 
many Jews, who feel their histo- 
ry of persecution demands a 
vigorous response to extremists, 
regardl e ss of who they target 
“The extreme right is a dan- 


gains m the same local elections w n J 

iTo-. g coalition, says Marc Swynge- 

douw, a sociologist at the Gath- 


on Oct 9. 

That same day, Jorg Haider’s 
anti-immigrant party won near- 
ly 20 percent of the vote in Aus- 
tria’s national elections. 


Trench Islam 9 and Its Mosque 

Institution in Lyon Hopes to Bridge the Culture Gup 



By Alan Riding 

New York Tima Serrict 

LYON — In the 15 years since the idea of 
building a Grand Mosque in Lyon was first 
broached, it became a topic of such heated 
debate that even after its first stone was laid, 
in 1992, few people here believed that the 
dazrimg white Islamic "cathedral” would 
ever be completed. 

Both the Roman Catholic archbishop and 
the chief rabbi of Lyon favored giving the 
130,000 Muslims in France's second-largest 
city a proper place of worship. But the ex- 
treme rightist National Front was fiercely 
opposed, while the mosque’s future neighbors 
fought die project in court. 

Indeed, even after the mosque was finally 
opened in September, France's mood was 
hardly welcoming. Weeks earlier, the govern- 
ment had deported two dozen Arab men as 
suspected Islamic extremists, and since then, 
it has renewed its campaign to stop giris from 
wearing Islamic head-coverings to school 

Yet, for all of France’s nervousness about 
having some 4 millio n Muslims living in its 
midst, a nervousness deepened of late by fears 
that an Islamic takeover in nearby Algeria 
would bring an infl ux of immigrants and 
refugees, the Grand Mosque of Lyon is a 
symbol of hope. 

Despite rightist demands that immigrants 
be sent, home, the government knows that 
they are here to stay. But it also believes that 
if France is not to feel permanently threat- 
ened by imported Islamic extremism, a 
French version of Islam must take root And 
it is looking to the new mosque here to help 
that happen. , . 

"We now realize that Islam in France is a 
French reality and not just a foreign issue or 
an extension of foreign problems,” Interior 
Minister Charles Pasqoa said at the mosque's 


inauguration. "So, it is not enough to have an 
Islam in France. There should also be a 
French Islam.” 

By that, he said, he meant an Islam that 
respected France's republican and secular 
principles, that recognized the rights of men 
and women, that did not view France as “a 
space to conquer,” that did not allow “the tree 
of fundamentalism to hide the forest of mod- 
erate, tolerant and discreet Islam that you 
represent" 

The response from the mosque’s elders was 
the one Mr. Pasqua wanted. 

"This mosque will be permanent proof that 
Islam is a religion that can be practiced in 
strict adherence to French law,” said Rabah 
Khehff, a French citizen who heads the 1s- 
lamic-French Cultural Association of Lyon, 
which runs the mosque. 

The mosque’s grand mufti, Abddbamid 
Quran e, an Algerian-born scholar who has 
spent the last 30 years in France, said he stood 
"midway between two cultures — the marvels 
of the Koran and the culture of Descartes.” 

And he promised that the mosque would be 
open to an currents of Islam. 

The catalyst for the new debate has been 
evidence that sympathizers of Algeria's 
banned Islamic Salvation Front are begin- 
ning to infiltrate France' s Muslim population 
and, even more, to influence some children of 
North African immigrants who, although 
bean in France, feel alienated from French 
society. 

But the search for a French Islam also 
implies that France must make room for its 
Muslim population. Already, the government 
is promoting formation of French-born 
imam* to replace those brought from abroad, 
and it wants Muslims to form a national 
or ganizati on with which the French state can 
deal 


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30 minutes «»&&*' *.«»* P a 8 e above 311 doing ^ 

ftSife *-- -As regular; bisfes. travellers, last year you also spent an incredible 

aroan ^ worJd ** * You ma > wel1 read our Frida y 

^W?;i-vfaavel . , , _ 

h®* ,you and *• mternatlCmal hote,s who 

«« International. Herald Tribune. 

' ■' V pcx sumnKBie^ ^ftd sun'eys from which these facte are taken, please call. 
Pi irfEurope; Jaihes^L^ on (33,1) 46 37 93 81; in Asia, Andrew Thomas on 
SpS:^, 223 6478 ;..in ^i 4 dericas, Richard Lynch on (212) 752 3890. 


sr-y*iv.; 


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Antwerp is also the home of 
the nationalist movement in 
Flanders, however, and the po- 
tential for a protest party is 
enormous after an astonishing 
73 straight years of rule by a 
Sod alist'Chri s ti an Democrat 




ofi c University of Brussels. 

More importantly, despite 
the wealth of surrounding prov- 
ince, the city of 300,000 people 
has a 16 percent jobless rate, 
well above the national average 
of !1 percent, and roughly 12 
percent of the population are 
immigrants. 

F3jp Dewin ter, local head of 
the Vlaams Blok, offers a am- 
ple but explosive solution: Ship 
illegal and unemployed immi- 
grants of non-European de- 
scent back to their country of 
origin, and reinstate laws bas- 
ing nationality on blood rather 
than birth within Belgium. 

He blames illegal immigrants 
from countries like Turkey and 
Morocco for crime and insecu- 
rity, and says bluntly that their 
Islamic background cannot co- 
exist in Catholic Flanders. 

Mr. Dewinter also attacks 
immigration from Eastern Eu- 
rope and even Portugal a Euro- 
pom Union ally, saying they 
threaten "social revolution” by 
putting downward pressure on 
local wages. 

As for the Jewish communi- 
ty. he says: “We don’t have any 
plans in this direction. Their 
presence is a good thing for our 
community.” 

Antwerp’s traditional parties 
have pledged not to woik with 
Vlaams Blok and are seeking to 
build a new coalition including 
the Liberals and the Greens, 
which were in the opposition. 

The local Council for Mi- 
grants is pressing the parties for 
long-term measures in educa- 
tion. housing and training to 
integrate immigrants into the 
mainstream, says the council's 
coordinator. Abid al S ulaim an. 

Nationally. Prime Minister 
Jean- Luc Dehaene has pro- 
posed dropping the obligation 
to vote and setting a 5 percent 
threshold for representation to 
halt the rise of fringe parties. 



¥# • • I . •’ . > 




< r 'JP 






mm? -mm : > ■ ■/ v m * ?* u mm 

A^cnce Freoec-Prese .. _ 

READY FOR IRAQ — Kuwaiti volunteers cleaning weapons in a National Guard training course in Kuwait City. 

Syrians’ New Reality: Peace Is a Possibility 


By Willi am E. Schmidt 

Ntw York Tuna Soviet 

DAMASCUS — Even in his book-lined 
study, on a quiet Damascus side street, 
Suheil Zakkar says it is not easy lo imagine 
what peace will be like with Israel after 
nearly 30 years of bloodshed and war. 

“If I said I were talking about friendship 
with Israel I would be lying,” said Mr. 
Zakkar, a gentle medieval historian whose 
works on the Crusades and Islamic history 
have won the special patronage of Presi- 
dent Hafez Assad. 

"Let others here go and visit Jerusalem,” 
be said, but at the age of nearly 60 ”1 
cannot change overnight.” 

Like growing numbers of Syrians, Mr. 
Zakkar these days is openly wrestling with 
an idea that even a year ago few would 
have dared to broach in public: the notion 
of living side by side with Israel as a 
nei g hbor rather than an enemy. 

‘The world has changed, and we have 
arrived at a new reality,” he said. “We have 
no choice now but to make peace, on both 
sides. But what kind of peace? — this is 
something else:” 

Damascus is not a capital given to free 
and open public discussion of politics, and 
in interviews here with merchants and 
businessmen, scholars and shopkeepers, 
no one challenged or doubted Mr. Assad's 
unbending demand that Israel must give 
bade all of the Golan Heights before any 
kind of peace is possible. 

But at the same time there is also a 
widely shared sense that some sort of peace 
with Israel is now inevitable: And for 
many people, the very contemplation of 
the idea has had a kind of dizzymg effect, 
fueling both wild hopes and dark insecuri- 


ties among those who for years never heard 
Israel described as anything but the Zion- 
ist enemy. 

"What our president says about peace is 
what we all now believe," said Fahdi Ta- 
bah, the owner of a storefront photo shop 
in the mostly Christian quarter of Batuma. 
"If the Israelis give back what they took 


r When we open the 
borders, there will also be 
new people, and new 
ideas. Change will come 
last, and we have not 
been used to this . 9 

BagBam Kahwaji, a merchant. 


from us, then we can open the borders, and 
the Israelis may come. Why not? It will be 
good for business.” 

But for Bassam Kahwaji a merchant 
and exporter, the idea of peace involves 
risk as well as promise. 

"Peace, when it comes, means many 
opportunities for business and tourism, to 
be certain.” Mr. Kahwaji said. “But when 
we open the borders, there will also be new 
people, and new ideas. Change will come 
fasi and we have not beat used to this.” 

The Syrians and Mr. Assad say they will 
not sign a treaty or make any peace agree- 
ment with Israel until the government of 
Yitzhak Rabin first commits itself to a full 
and complete withdrawal from the Golan 
Heights. 


So far, Mr. Assad has demonstrated no 
public willingness to compromise on this 
point. 

Yet for all the frustration within Israel 
and Washington over what some regard as ~j 
Mr. Assad’s obduracy, the tortured diplo^ 
malic wrangling over the Golan Heights. ; 
obscures a larger reality: there has been a . 
slow but steady opening within Syria itself, 
in the last two years. „ 4 

The autocratic Assad government has 
embarked on a cautious course of liberal- , 
ization, talcin g steps to open its economy 
to the West and even prepare its people 
psychologically for the idea of peace. 

Diplomats 'say Mr. Assad has tittle ' 
choice, given the collapse of the Soviet 
Union, once his main patron, and the . 
peace accords between Israel and the Pal- - 
estine Liberation Organization and Jor- . 
dan. 

Diplomats say he is determined to widen, 
the economic and political base of his ■> 
regime, to better insure its stability. 

To that end, said Dr. Andrew Raihmdl ’ 
a Middle East analyst writing in Jane's ~ 
Intelligence Weekly in September, Mr. As^ 
sad has embarked on a campaign to culti- 
vate a “new constituency” of private sector 
b usiness men. 

“For two years now we have watched^ 
big changes inside Syria,” said Khaldoun-. 
Zem, a former university professor who __ 
now runs his own consulting firm, dealing f* 
with American and European pharmaceu- 
tical companies. 

“People now have cars, and there are fax , 
machines and satellite dishes that bring us' 
international television,” he said. “Peace ; 
will bring more changes, although I cannot 
say for sure what they will be.” 



PANEL 


1994 


The Search for new Relationships 
1 7-18 November 1994 
Maastricht 


500 opinion leaders and decision makers from the international business community 
and political world will meet at the 7tb annual Global Panel Conference. 

The conference includes plenary sessions, parallel sessions, networking lunches and 
receptions. These will give the participants the opportunity to exchange ideas about 
the latest developments in the field of global politics . economics and business. The 
Global Panel offers the participants excellent networking opportunities. 


Some of the main plenary sessions include : 

The Search for new Relationships 

SnpachaJ Pan Itch pakdl, vice-premier of Thailand 
Zhfng Hongye, chairman China Council for Lbc 
Promotion of International Trade 

Moving out lo the 2 1st Century 

Gordon Sullivan, chief of staff United States Army 
. — . Richard Pascale, business consultant, USA 

World Economist Forecast 

Franz Vranltzky, chancellor of Austria 
^ Andreas van Agt, ambassador EU, Washington 

ra* Global A ulomotive Industry 

Louis Schweitzer, chairman & CEO of Renault. France 
John Vlaocor, executive ediror and vice president 
International Herald Tribune 
Pc hr Gy lie nh am mar, former chairman Volvo, Sweden 
Frans Sevens tern, president of Nedcar, Netherlands 

K-P ' Business in a Competitive Area 

Stan Shill, president & CEO Acer, Taiwan 

Floris Maljers, former chairman Unilever, Netherlands 

I S Paradigms for tbe 2 1st Century 

Gyula Horn, prime minister of Hungary (invited) 

David Owen, EC-mcdiator on former Yugoslavia, UK 
Allen Weinstein, president Center for Democracy, USA 


Global Panel is sponsored by: 
UPS, 

Paribas Asset Management, 

Rondstad, 

van Hecke, 

Ira pa c, 

Microsoft, 

Polynorm, 

Ward Howell/Maes & Lunau, 
Rank Xerox, 

Renault, 

Unocal, 

Steelweld, Division of Ambac, 
CEBECO, 

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Reuters, 

Concord Corporation, 
NVS-Verzekeringen, 

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Mcyn Group, 

Tillcke & Gibbins, 

City of Maastricht, 

Province of Limburg, 
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Singapore Airlines. 


o Please send further information on Global Panel 1004 

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Pag* 8 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, NOVEMBER 1, 1994 



* V4. 


. n • a *♦ . 


■'' '*• ■ i 'v. ' <■ 1; 



Rebel Serbs Caution Over Peace Dividend 
In Croatia Obstacles to Growth Gted at Casablanca Talks *■ 



Order Units 
Into Bosnia 


v’ 

'■* . * • t" ^ 

.... , 



‘ '■ M 

-V 







- % T 


The AuodoKdPma 


Radovan Karadzic, center, addressing a meeting near Khac. He has promised a counterattack against Muslim forces. 


ARMY: Bosnia’s Muslims Gain, but Other Changes Bode Poorly for Them 


Gmtinued from ftige I 


bian lines at 16 points around the country. 

But other changes do not bode weD for 
Muslim fighters longing to return home. 

There is peace between Bosnia’s Croats 
and Muslims, after a one-year war in cen- 
tral Bosnia that was ended by a federation 
agreement in March. But the Bosnian Cro- 
atian militia has provided little help 
a gains t the rebel Serbs. And without Cro- 


brash mountain men. In the past, they 
often boasted about their violent bouts of 
“ethnic cleansing” and proudly pro- 


claimed that by occupying 70 percent of 
Bosnia's territory they had won the war. 


without Cro- 


atian help, few predict that the Bosnian 
Army will be capable of rolling back many 


Army will be capable of rolling back many 
Serbian gains. 

In addition, the territoiy held by the 
C roatiao-Muslim federation is becoming 


increasingly ethnically “pure,” as Croats 
leave areas dominated 6y Muslims and 


vice versa. One UN report says 40,000 
Croats have vacated two mostly Muslim 
cities, Zenica and Tuzla, in the last five 
months. 

Thousands of Bosnian Serbs who once 
supported, or at least tolerated, the Saraje- 
vo government, along with many Muslim 
city dwellers, are abandoning Muslim-con- 
trolled turf, throwing the existence of Bos- 
nia's ideal of a multicultural society in 
doubt. Sarajevo's population, for example, 
has dropped from 450,000 when the war 
began to around 200,000, according to the 
internal estimates of some Western aid 
agencies; the total number of Serbs has 
fallen by half, to less than 40,000. 

“No one wants to live in Bosnia any- 
more," one Western aid official said. 
“Anybody who can go is leaving, except 
the politicians.” 

On Serbian-held territory, international 
isolation has blunted the edges of the once 


Bosnia's territory they had won the war. 
Now the bravado is gone. 

“It’s difficult to say just what victory 
means,” said Dragan Petrovic, summing 
up the ambivalence of many Serbs about 
the legacy of the war. The botanist in the 
town of Sokolac, about 50 kilometers east 
of Sarajevo, dreams about peace. “In one 
place, in one country, it is not possible that 
people fight forever,” he said. 

Among the Croats, who before the war 
made up about 17 percent of Bosnia’s 
population, the main idea appears to be to 
profit from the persistent war but stay out 
of the fi ghting . Mate Boban, the former 
chief of the Croatian paramilitary organi- 
zation. now works for the Croatian state 
oil company and, according to UN 
sources, is involved in selling fuel to Bosni- 
an Serbs. 

UN officials say the international isola- 
tion of the Bosnian Serbs has contributed 
to their recent slip-ups on the battlefield. 

The shutting of rump Yugoslavia's bor- 
der with territory held by the Bosnian 
Serbs in August weakened the rebels, who 
relied on fuel and weapons from Serbia 
and Montenegro, the remaining Yugoslav 
republics, to feed their war machin e. 

President Slobodan Milosevic of Serbia, 
blamed for starting the three wars that 
have destroyed much of the former Yugo- 
slavia, ordered the border closed because 
he wanted the Bosnian Serbs to sign an 
international peace plan that would divide 
Bosnia into two sections — one, with 51 


percent of the territory, controlled by 
Croats and Muslims, the other, with the 
remaining 49 percent, controlled by Serbs. 

It was apparently a lack of fuel that 
contributed to the Serbs’ defeat last week, 
when Muslim forces punched out from the 
surrounded Bihac pocket in northwest 
Bosnia and took 200 square kilometers (75 
square miles) of territory, sending 8,000 
Serbian civilians fleeing. Reinforcements 
sent to bolster flagging Serbian lines along 
the Una River did not make it in time 
because diesel was in scarce supply. UN 
officers said. 


By Roger Cohen 

New York Times Service 

KNTN, Croatia — The leader 
of rebel Serbs in Croatia said 
Monday thathe had dispatched 
a special police and military 
unit to assist Bosnian Serbs in 
recapturing territory lost in re- 
cent days to resurgent Bosnian 
government forces from the 
northwestern town of Bihac. 

The rebel leader, Milan Mar- 
tic, president of the self-styled 
Serbian Krajina Republic that 
surrounds much of the Bihac 
pocket, said in an interview that 
Serbian forces now massing 
would be sufficient to defeat the 
Muslim-led Bosnian Army, 
adding, “We win see if the Bi- 
hac pocket ends up smaller than 
it was before this offensive 
started.” 

Bosnia’s 5th Corps has taken 
at least 200 square kilometers 
(75 square mDes) over the last 
six days, pushing eastward from 
Bihac in an offensive that took 
the Bosnian Serbs by surprise 
and could threaten a critical 
Belgrade supply route for the 
Knm-based Krajina Serbs. 

“This was a Serbian ethnic 
area that the Muslims have tak- 


Remen 

CASABLANCA, Morocco — Arabs and Is- 
raelis at the highest level mingled on Monday at 
a conference on the joint development of the 
Middle East as business leaders cautioned 
against euphoria over the peace dividend. 

“We should guard a gains t excessive opti- 
mism," said the head of the Arab world's senior 
development agency, Abdd-Latif Hamad of the 
Arab Fund for Economic and Social Develop- 
ment. “We should not make promises we are 
unable to deliver.” 

Business leaders also injected a dose of realism 
about obstacles to rapid growth. 

The conference opened Sunday to a fanfare of 
bugles and speeches by politicians declaring the 
birth of a new Middle East that could transform 
the lives of its 300 million people. 

But speakers on Monday listed obstacles: pov- 
erty, the population explosion, debt, perennial 
budget deficits, a legacy of stale control, trade 
barriers, inadequate legal systems, age-old re- 
gional rivalries and unstable politics. 

Israelis, basking in the new acceptance after 47 
years of virtually total boycott by their Arab 
neighbors, remained buoyant. 

The governor of Israel's central bank, Jacob 
Frenkel, said the success of the conference would 
not be measured by the number of projects 
agreed upon “but upon the number of business 
cards that have been exchanged.” 

Mr- Ham ad , sitting next to Mr. Frenkel on the 


to fo£d public spending cuts 
Mdtii MSB debt rescheduling. 

Like other speakers, Mr. 

a $10 billion regional development bank. 

Bankers broadly supported thepjjnbu* _cau- 
tioned against overambitious implementation 
Sd a Son of mistakes that plagued the 
London-based European Bank for Reconstruc- 
tion and Development 

Walter Weiner, the head of Republic National 
Bank of New York, which is linked to the Safra 
famil y that has wide interests in Israel, said he 
did not think it was nece&saiy or appropriate to 
have a separate, new institution. 

But William Rhodes of Citibank, sum mi ng up 
the bankers’ discussions, said they supported the 
idea of a development bank but cautioned 
against pouring money in indiscriminately. 

The cnaipmn of the Palestine Liberation Or- 
ganization, Yasser Arafat, appealed for private 
foreign investment for the Palestinian Authority 
in the Gaza Strip mid Jericho. 


podium for a discussion on banking, referred to 
him as “my new friend from Israel?’ 


him as “my new friend from Israel. 

The remark elicited applause from the audi- 
ence, some of 2,000 government and business 
leaders who came to the conference. 

“Despite the presence of oQ, the region is not 
rich,” said Stanley Fischer of the International 
Monetary Fund. 


in the Gaza Strip and Jericho. 

“Maybe we are very poor,” he said “We have 
no oil or gold, but we are rich m our minds and 
we can do a lot.” 


ww von ui; a wu 

Secretary of State Warren M. Christopher 
urged Gulf Arab participants to persuade the 
Arab League to follow their example and lift the 
boycott of third country companies that deal 
with Israel 


Bad planning led to a related loss of 
about 100 square kilometers around the 
town of Kupres to the south, a UN officer 
said The Serbian forces sent to reinforce 
defensive lines outside Bihac came from 
Kupres, leaving that city protected only by 
older soldiers, like the one killed by Mr. 
Muslimovic, and the police. 

Despite the bad news for the Bosnian 
Serbs, the Muslim side is not acting like an 
army bound for gloiy. 

Cold and hungry, Mr. Muslimovic, 21, 
resembled more a scared young man than a 
savage cogin a resurgent fighting force. He 
has seen too much in 31 months of war to 
plan on victory anytime soon: Serbs 
burned his family's home in Jajce; his 
younger brother, Dzemal died last year 
from shrapnel wounds; right teeth have 
fallen out of his mouth, and over the 
course of the war he has washed the blood 
of three Serb fighters from his hands. . 


en,” Mr. Martic said, “yet no 
international organization pre- 
vented it I have sent a special 
police and military unit because 
I consider that we have a right 
to liberate our land.” 

Mr. Martic, whose territory 
covers close to one-third of 
Croatia, did not specify wheth- 
er the unit had already entered 
Bosnia. 

But he made dear that, in his 
view, the Bosnian gains would 
not be allowed to stand. “There 
will certainly be a counterat- 
tack,” he said, “and what hap- 
pened win very soon be re- 
versed. In a few days, you will 
see.” 


Israel Gives Prince Philip 
Award to Honor Mother 


RWANDA: 


An Issue of Ethics 


The Associated Press 

JERUSALEM — Prince Philip of Britain accepted an 
award Monday honoring his mother for saving a Greek 
Jewish family from the Nazi death camps. 

PhOip said his mother. Princess Alice of Greece, never 
spoke about how she rescued Rachel Cohen and her two 
children by hiding than in a third-floor apartment of a royal 


palace in Athens during the Nazi occupation of Greece 
between 1943 and 1944. 


“If I could, I'd leave this place tomor- 
row," he whispered. “Once I get a chance, 
I'm gone” 


SPOOKED: ChiistianltightDecriesHattoweenastheHolidayofihcDevU 


Continued from Page 1 

ta Mesa, California. “Yet the 
schools promote the Halloween 
celebration, which is so obvi- 
ously tied to the religion of 
witchcraft We must ask why.” 

This approach is very clever, 
said Deanna Duby, education 
policy director of People for the 
American Way, a civil liberties 
group that monitors the reli- 
gious right “If you can define 
something as a religion.” she 
said, “then you have a constitu- 
tional argument for getting it 
out of the schools.” 

But she said it was important 
that school districts allow chil- 
dren to “opt out” of Halloween 
celebrations because some par- 
ents are genuinely concerned. 

Halloween originated as the 
ancient Celtic harvest festival of 
Samhain in Ireland and ancient 
Britain, when the spirits of the 
dead were thought to revisit 
their homes and all manner of 
ghosts, goblins, witches and de- 
mons were believed to be roam- 
ing about. In the 9th century, 
the Catholic church grafted the 
Christian onto the pagan when 
it named Nov. 1 All Saints' 
Day, and Oct 31 became All 
Hallow’s Eve. 

The holiday was introduced 
to the United States in the last 
century by Irish immigrants as 


a largely secular occasion for 
trick-or-treating and making 
mischief. But some conservative 
Christian activists are now un- 
earthing its pagan roots in their 
attack on the holiday. 

“The devil is real” said Allan 
Siegel, media relations director 
for Jeremiah Films, a Christian 
film and video company in He- 
met, California. “Its not some- 
thing that is just fun and 
games.” 

“There are satanic organiza- 
tions, demonic organizations,” 
he said. “This is their holiday, 
and that’s why we don't want to 
glorify it and teacb our kids 
about it.” 


he was sexually and emotional- 
ly abused as a child captive of a 


teacher that she did not want 
her son Dylan, 7, participating 


satanic cult. One Halloween, be in Halloween activities. She dis- 
says, he was forced to plunge a suaded Dylan from dressing as 


knife into the heart of his 
friend, a little girl named 
“Becky," as she hung bound on 
an altar. 


“There are children all over that evil.* 


the demonic Jason from the 
movie “Friday the 13th," ex- 
plaining that “the Bible has 
scripture that would consider 


the world who are losing their As a concession, Dylan 
lives on Halloween night,” said dressed up this year as a hunter, 
the man, identified in the film like his dad — “something not 
as Glenn Hobbs, a former sa- so scaiy." 
lanist “Nobody wants to face "As a Christian I believe you 
the facts of what's going on.” can open these spiritual doors, 
What may sound preposier- like playing with a Ouija 
ous to some has found an audi- board," Mrs. Van an said, 
ence in Bible studies sessions ■ ' 

and house meetings around the a nm a t 


Radovan Karadzic, the lead- 
er of the Bosnian Serbs, has also 
vowed to counterattack, travel- 
ing to the region to urge his 
troops on. 

But United Nations military 
observers said that, at present, 
the momentum appeared to lie 
with government forces and, if 
anything, the Knyina Serbs 
might be needed merely to bold 
the Bosnian Serbs' current de- 
fense line. 

As the possibility of a sharp 
Serbian retort against Bihac 
looms, UN militaiy officials 
pondered Monday their eventu- 
al response to a situation that 
might come to resemble that of 
the eastern Muslim enclave of 
Gorazde earlier this year. 

In Gorazde, Muslim forays 
of much lesser scope than the 
current offensive provoked a 
massive reaction from Bosnian 
Serbs that caused a worldwide 
outcry, 

Serbs already predict another 
outcry in the event of a counter- 
attack but argue that the Mus- 
lims clearly used UN protection 
to build strength in Bihac. 

Michael Williams, chief 
spokesman for peacekeepers 
here, said there was nothing in 
UN resolutions on safe areas 
that precluded the government 
offensive. 


between 1943 and 1944. 

“In retrospect, tins reticence may seem strange, but 1 
suspectithad never occurred to her that her action was in any 
way special” the prince, husband of Queen Elizab eth II. said 
during the award ceremony at the Yad Vashem Holocaust 
Memorial 

After the ceremony, the prince planted a maple tree in his 
mother’s memory on the Avenue of the Righteous Among the 
Nations, which honors those who rescued Jews. The prince's 
private visit marked the first time a member of the British 
royal f amil y had come to Israel 


Rabbi Shlomo Goren Dies, 


Israeli Critic of Peace Steps 


OUt lL iiuu uuusc meetings oilhiuu ujc ^ j -i» t-w”V * 

At $19.95 apiece, Jeremiah Halloween video 1 / A I j ! On Trail of FusitiveS 

1 ms has sold nearly 30,000 distributed by the same com- J <65 


The Associated Press 

JERUSALEM — Rabbi 
Shlomo Goren, 77, a former 
chief rabbi of Israel and an out- 
spoken critic of Israeli reconcil- 
iation with tiie Palestine liber- 
ation Organization, died 
Saturday. Rabbi Goren had 
been hospitalized since suffer- 
ing a heart attack on Ocl 24. 

Israel’s chief Ashkenazic rab- 
bi from 1973 to 1983, Rabbi 
Goren often found himself at 
the center of controversy. 

A year ago, he issued a reli- 
gious ruling that soldiers could 
refuse orders to dismantle Jew- 
ish settlements in the occupied 
West Bank, saying the “law of 
settling Israel” overrode all oth- 
ers. He also pronounced that 
every Jew was commanded to 
kill the PLO chief, Yasser Ara- 
fat. 

Susan Lumsden, Journalist 
Who Wrote From Florence 


from Florence for the Interna- 
tional Herald Tribune and oth- 
er newspapers, died Saturday in 
Montreal. She was 51. 


Miss Lumsden wrote on a va- 
riety of subjects — including 
her passion for running — but 
her special interest was the visu- 
al arts. Florence was a grand 
setting for that interest, and she 
reported extensively on exhibi- 
tions and museum news, as well 
as on the continuing controver- 
sy over the restoration of mas- 
terpieces. 


Agnes Fink, 74, one of Ger- 
many’s most popular actresses 
and a star of stage, screen and 
television, died Friday in a 
nursing home in Munich. 


Films has sold nearly 30,000 is aismouiea oy tne same corn- 
copies of a videotape called ps^y that has sold more than 


“Halloween: Trick or Treat,” a 
professionally produced docu- 


mentary that conjures up the murder and money launder- 
holi day’s sinister side. There is a video ^at the Reverend 


footage of modern-day druids Jerry Falwell has been criticized 
and witches dancing around f° r promoting. 


bonfires and raising chalices in 
smoky rooms. A woman identi- 


fied as “Sarah, Witch Queen of stunned to learn the true history 
Germany,” recalls a ritual of Halloween at a Bible study 


where a woman passed out meeting. “As a kid, it was one of 
when a horrible voice spoke my favorite holidays," said 


through her. 

Most haunting of all, the vid- 
eo features an interview with a 
bearded young man who claims 


100,000 copies of a videotape Continued from Plage I 
^fusing President BO! Clinton ^ouiui the world, to South 
of murder and money launder- America. Portugal. Switzer- 
mg, a . vmJco that the Reverend Jan(l Spain. Italy and France. 
Jerry Falwell has been enucized But he a step ahead ^ 

for promoting. the police, investigators said, 

Becky Varian of East Liver- because be could still count on 
pool, Ohio, said she was help from people in high places, 
stunned to learn the true history At his family’s villa in Ibiza last 
of Halloween at a Bible study December, investigators said, 
meeting. “As a kid, it was one of he fled just as they dosed in on 
my favorite holidays," said him after someone tipped him 
hire. Varian, 35, who teaches a off. 


Becky Varian of East Liver- 
pool, Ohio, said she was 


course on death and dying at a 
business college. 


Investigators say he spent 
long periods aboard a yacht. 


Mrs. Varian told her child's cruising the Mediterranean, in 


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international waters beyond the 
reach of any jurisdiction. He 
appears to have been well- 
heeled, at least at the start of his 
flight: When police raided bis 
Rome apartment, they discov- 
ered a small fortune in prints 
and paintings. 

In the end, though, newspa- 
pers reported Monday, be was 
betrayed by a close aide as he 
hid out in the Paris apartment 
of an Italian actress, Domiziana 
Giordano. 

Now, the question is: Will he 
tell what investigators say he 
knows about the clandestine 
money trails he is accused of 
laying around the world lo hide 
the Socialist Party’s fabled, il- 
licit riches? 

“That depends on his defense 
strategy," said Vittorio Parag- 
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Not everyone is against him. 

“He has paid for his friend- 


PARIS (IHT) — Susan 
Lumsden, a Canadian free- 
lance journalist who reported 


Swaran Singh, 87, India's 
longest serving cabinet minister 
and foreign minister during the 
1971 war with Bangladesh, died 
early Monday in New Delhi 
and was cremated later that day 
with state honors. 


FOREX: No More Easy Money 


Continued from Page 1 


ships, but he is not a monster," 
said Tracy Roberts, tus Ameri- 
can companion, who was once 
the public relations consultant 
of the former Socialist foreign 
minister, Gianni De Michelis. 

“My dienl never hid.” said 
his lawyer, Roberto Ruggiero. 
“He simply did not turn himself 
in, and this is proven by the Tact 
that he always used his own 


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mount. At the beginning of the 
year the most common, and as 
it turned oat the worst, play was 
to bet against the yen and to 
buy U.S. Treasury bonds. 

The rise of the yen and the 
fall of both Treasury bonds and 
the dollar cost many specula- 
tors dearly. Among them was 
George Soros, who made a bil- 
lion dollars in 1992 betting 
against the pound, and who re- 
portedly suffered a $600 million 
loss in the currency market in 
February alone. 

Some traders talk of specula- 
tors having gotten so used to fat 
profits and to doubling and re- 
doubling their bets that they 
refused to believe thai the mar- 
ket had turned against them 
early this year. “They left their 
bets on the table," said one 
trader. That proved disastrous, 
driving some currency funds 
out of business and forcing oth- 
ers to show losses of 15 to 60 
percent this year. 

The large banks that trade in 
(he market for clients as well as 
for their own account have been 
hit not only by large trading 
losses on their own positions 
but also by a rise in competition 
for clients from medium-sized 
banks climbing into the busi- 
ness. 

“Those established firms 
with strong bottom line orienta- 
tions will cut back stafr very 
quickly.” Mr. Layard-Leisching 
said. In September. Goldman 
Sachs surprised the market by 
doing just that. Others are ru- 
mored lo be pondering similar 
moves. 

Only 1.5 percent of the cur- 


rency market’s nearly $ 1 trillion 
yearly trading volume is tied to 
actual flows of goods and ser- 
vices across boundaries, so the 
potential for the sort of shrink- 
age rivaling air leaving a bal- 
loon is always there. 

Analysts, however, are hold- 
ing by their predictions that just 
as 1992 and 1993 were aberra- 
tions on the up side, this year 
will prove an anomoly. 

At stake is the very definition 
of the market. In recenL years, 
currencies had come to be re- 
garded as what professionals 
call a distinct asset class — 
something to be bought and 
sold for its own sake and not 
just for its impact on the prices 
of everything from foreign fac- 
tories to equities. Now the mar- 
ket stands in danger, according 
to some, of losing that status. 


Scotland Fears 


Ship’s Ofl Spill 


LERWICK, Scotland — A 
Russian fish-factory ship ran 
aground in gale-force winds off 
the coast of Scotland early 
Monday, sparking a pollution 
scare as oil poured into the sea 
from the vessel's ruptured fuel 
tanks. 

A helicopter and a lifeboat 
safely evacuated all 155 crew 
members after the ship was tom 
from its moorings off Lerwick, 
capita] of the Shetland Islands, 
in heavy seas. 

The coast guard said the 
10,000-ton Pioneisk was badly 
damaged and could break up oil 
the rocks. 


OmtiDued from Page 1 
roar in, laden with relief sup- 
plies paid for by taxpayers 
around the world. 

A volcanic-rock field just 
south of the camp at Kibumba, 
which contains nearly 200,000 
refugees, has been stripped of 
foliage by bulldozers to make 
space for a huge warehouse op- 
erated by the International 
Federation of the Red Cross. 
Ten huge white tents are 
stacked with 4,000 tons of food 
and supplies, from beans to jer- 
ry cans. 

Less than two kilometers up 
the road, the federation oper- 
ates a surgical field hospital 
under the direction of a doctor 
from the Australian Red Cross. 
The chief surgeon is from the 
Swedish Red Cross; the operat- 
ing theater is equipped with 
state-of-the-art medical equip- 
ment donated by the Norwe- g 
gian Red Cross, and its electric- 
ity is supplied by generators 
given by the German Red 
Cross. 

A refugee from Kigali, a pro- 
fessional was astonished as he 
walked around the site. No hos- 
pital in Kigali the Rwandan 
capital is this modern, he said. 
Few in Africa are. 

There is also a medical center 
operated by Goal an Irish relief 
agency, and a clinic staffed by 
the Association of Medical 
Doctors for Asia. 

Katale, a sprawling camp for 
more than 200,000 refugees 60 
kilometers north of Goma, has 
a hospital run by Doctors With- 
out Borders-Holland and a 
medical clinic run by Care-Aus- 
tralia, in addition to a water 
system installed by the London- 
based development organiza- 
tion Oxfam that would be the 
envy of nearly every village in 
Africa. 

Tons of food are distributed 
in the camps, on a regular basis. 

But food is not reaching 
those most in need, relief work- 
ers say. That is because the for- 
mer Rwandan officials control 
the distribution “in order to 
consolidate their power and to 
manipulate and dominate the 
camp population,” according to 
the UN refugee agency. 

Diversion of supplies is com- 
mon in relief operations, but 
not on the scale seen here. . 

In every camp, men sit beside ■ 
large piles of relief goods — 
from bags of flour to stacks of 
blankets and cans of cooking oil 
— with fists full of Rwandan 
bills. 

The relief groups have tried 
to set up independent refugee 
organizations to handle aid dis- 
tribution. But that has been im- 
possible, they say, because the 
militia threaten relief workers 
and the people they choose to 
work with. 

“We do not have at our dis- 
posal any means to hope that 
we will be able to change the 
present situation." Mr. Bou- 
troue wrote. “On the contrary, 
we are witnessing a clampdown 
by the ex-government forces on 
the various refugee organiza- 
tions we have been trying to set 
up." 

Recently, in Kibumba, two 
men were seized by a small 
band of refugees led by a for- 
mer Rwandan soldier. A UN 
worker tried to rescue the men 
but, as he watched, one of them 
was beaten to death with clubs; 
and machetes. 

The United Nations has even 
been prevented from registering 
the refugees. 

There are probably 600.0(K1 
people in the camps, relief 
workers say. But former Rwan- 
dan leaders insist that there are # 

more than 2 million. 

A refugee who talks about • 
going home risks being killed. ■ 
refugees and relief workers say. • 

At least 30 have been killed in 
recent weeks. 




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International Herald Tribune "" 
Tuesday ; November 1, 1994 % 
Page 



■■'■■■Vi ; -k-rt <- r - S&Wir- 9*» 


Marc Jacobs s fringed safari jacket. 


Amid the Trashy Glamour, the Ladies Have Their Day 


Muure<Thom» 


By Suzy Menkes 

International Herald Tribune 


•N 




BW YORK — Is there a future 
for women as ladies? Or only a 
pretty, graceful past? That is the 
question posed by the down- 
town designers who staged aa ‘'alterna- 
tive** fashion season. 

By the time Geoffrey Beene's -version of 
forward-looking femininity took to the 
stage Monday, the agenda lor New York’s 
spring- summer shows had already been 
set: exploring the limits of female fashion 
in the 1990s. Thai goes from a taxicab- 
yellow vinyl skirt with teetering stilettos to 
ladylike clothes redolent of the past: dress- 
es as worn in the 1940s by wartime sweet- 
hearts or in the 1950s by Sandra Dee. 

AH the dothcs trace the contours of the 
body, and hemlines tend to be oh the knee. 
So although there is still trashy glamour on 
the runways, the ladies seem to be winning. 
Like a Deep South Sunday at the Baptist 
Church, the DKNY show opened with 
polka-dot dresses and cbeny-trimmed hats 
lo the music of a gospel group. Marc Ja- 
cobs made a blunt stab at elegance — as 
the designer attempted to rework the sil- 
houettes of Yves Saint Laurent in the 
1970s. The English-bom Russell Barnett 
bad a Cecil Beaton idyll of flower garlands. 


swings and My Fair Lady dresses. And 
Prada of Italy staged its Miu Miu show on 
Sunday of dresses with the pin-tucked 
prettmess of a bride's bottom drawer. 

’ With transparent hoops twirling, see- 
through balls bouncing and modem dancers 
as models, Geoffrey Beene pursued his reso- 
lute quest for modernity. It was a relief to 
have a forward thrust when so many design- 

NEV YORK FASHION " 

ers are redefining fashion by looking back. 
Yet the show did not seem vintage Beene — 
except in its imaginative presentation, its 
intricate cm and its insistence on dothes 
that allow women to move freely. 

Maybe it was the brief hemlines, cutting 
across the thighs — although Beene 
blurred that edge with bands of misty 
fabric. Or perhaps the swingy shapes 
swayed too far from the body. Or that 
Beene’s classic all-in-one pajamas with 
tiny bolero jackets seemed familiar. Al- 
though the designer took Santa Monica 
beach as a theme, it was for summer nights 
that his show shone, with its slender dress- 
es in silky jersey, fragile fabrics and excep- 
tional workmanship that express bis view 
of women in a tender, but modem way. 

Donna Karan made the feminine wom- 
an credible. Her DKNY secondary line 
had moved on from sportswear and ma- 


jored on the dress. The show was played 
out in navy, with white, gray and flashes of 
red for scarlet lips or a shiny jacket. With- 
out becoming a retro parade, there were 
references to the 1940s in ankle socks with 
platform-sole sandals and bracelet-length 
sleeves on jackets. 

The dothes looked contemporary, but 
since the essence of modernity is sampling 
the past, the DKNY show was also about 
the 1970s’ lake on the 1940s : — the skinny 
trench coat over skimpy shorts, crepe suits 
with the hemline skirting the knees at the 
front and dipping at the back, soft satin 
skirts and narrow-belted knits. Graphic 
fabrics like tablecloth checks spiced the 
ladylike looks, and even the wear-ii-and- 
throw-it prom gown made of paper had a 
feminine allure. It was a show about wom- 
anliness that worked for modern women. 

Marc Jacobs was also into the 
1940s/ 1970s story, but instead of refract- 
ing the bright satin suits and tiny- torso 
silhouettes through a prism of the 1990s. 
be seemed to have his head stuck In a book 
of vintage Saint Laurent photographs. Oc- 
casionally something in the mishmash of a 
show came off — like the safari jacket with 
dangling fringe or cute playshorts. The 
dothes might look fine on magazine photo 
spreads. But not even putting weird high- 
cut hot pants under a skinny trench coat or 
a Mickey Mouse hat with a satin over-the- 


knee suit couid distract attention from the 
basic problem: The shapes and propor- 
tions were all wrong. The result was that 
the supermodels looked dowdy or just 
plain awkward, as legs splayed out of tux- 
edo dresses split at die sides and bosoms 
were flattened behind the pockets of a see- 
through chiffon blouse. 

Saint Laurent in his glory years has 
become an icon of current style", but why 
would a designer known for spunky, mod- 
em New York style choose to mirror 
French couture? 

“Because Saint Laurent’s things are al- 
ways chic, no matter what," said Jacobs, 
who was onto something in his attempt to 
present women in a more ladylike way. But 
elegance is more than an attitude — it also 
requires technique to make apparently ef- 
fortless chic. 

P RADA is another reference point 
for 1990s fashion. The Miu Miu 
show of tucked blouses and dress- 
es in soft lingerie fabrics and neat- 
ly belted knits was styled to the hilt with 
scarlet underpinnings, patent leather high- 
heel shoes and soulful expressions. But it 
had the requisite womanly allure in its 
knee-length hemlines, corsetry colors and 
outing of what might once have been 
mom’s trousseau. 

The dress is a significant story from de- 


signers too young to remember even their 
mothers wearing one. But dresses, too, cover 
the spectrum from the flashy, trashy vinyl 
sent out by Kitty Bools — a former sex- 
shop designer — who gave a funky twist to 
the 1 950s; to the brief T-shirt dresses with a 
bikini triangle of fabric patching the front 
from Dom Casual, to the “happy Harlem" 
full-skirted dresses sent out by Cesar Ga- 
lindo. The designers staged a joint show that 
focused on synthetic fabrics that are cod 
with hip designers. 

But other designers think ecologically. 
For J. Morgan Pueit, bora into a family of 
beekeepers, that meant a rustic setting and 
rougb-weave fabrics, often coated with 
beeswax, sent out in family groups to an 
accordion jig and with a quirky charm. 
Lawrence Scott had a toddler, with straw 
twine in her hair, to match mommy's green 
Wellies and cotton dresses printed with the 
kind of vegetables sold in the organic mar- 
ket on weekends in the Hamptons. 

The whimsical show by Bennett, seven 
years assistant to the late Franco Mos- 
chino, picked up on ladylike dothes 
through the century from Carmen Mir- 
anda polka-dot dresses, through 1940s 
crepe suits to 1950s flower-sprigged sum- 
mer dresses. Pretty, womanly looks from 
Michael Leva meant dresses in pastel col- 
ors, perhaps with a petticoat or tulle bus- 
tle, posed in a pale and pretty furniture 


showroom. Most downtown designers es- ~- 
cbew the big runway for financial or aes- •' 
ihctic reasons. The Nigerian-born Lola Fa- *i 
turoti used an Oriental rug department to. 
show off her all-too-literal inspirations ", 
from the graceful saris and gauzy fabrics of 
Indian women. 

The idea that New York shows, once ’ 
just commercial sportswear, could marshal * 
an avant-garde is yet another sign of the 
coming-of-age of American style. The* 
Council of Fashion Designers of America, ^ 
under its president, Stan Herman, is pre- " 
sen ting a thud season in tents in Bryan G- 
Park and in the adjacent New York Public 1 
library. A weeklong accessories display 
includes the soft-sculpture straw hats of 
Patricia Underwood; jewelry from Robert . 
Lee Morris, who has produced cartoon— 
inspired designs in a range for the Warner- j 
Bros, studio store; airy mesh hose, and - 
shiny patent shoes and bags. 

The shows close Friday with a presenta- 
tion at the newly reopened Studio 54 — the * - 
hot disco of the Andy Warhol 1970s era. It ' 
seems an appropriate venue after the once- * 
staid New Yorker launched its fashion H 
special issue (read Salman Rushdie on ’ 
Swinging London) with a wild disco party. '■* 
Among the fashion guests were Giorgio *; 
Armani. Karan and Calvin Klein, who;' 
instantly dubbed the party “Studio 94." J 


BOOKS 


CHESS 


.*»• ■ 


HIGHER SUPERSTITION; 
The Academic Left and Its 
Quarrels with Science 

By Paul R Gross and Norman 
LevitL 314 pages. $25.95. The 
John Hopkins University Press. 

^ Reviewed by 
Katherine Knorr 
/COUNTLESS books have 
V been written about the hav- 
oc the academic left has 
wreaked in college humanities 
programs in the United States. 
This excellent book looks at bi- 
zarre attacks on science by fem- 
inists, Afrocentrists, homosex- 
ual militants, ecological 
radicals and fellow travelers. 

Science teaching and the 
practice of science are not at 
risk the way the t e aching of lit- 
erature has been, largely be- 
cause the practice of science re- 
quires specialized knowledge 
and exact research and does not 
therefore attract the kinds of 
dilettantes who have taken over 
the humanities, programs. 

The authors — Paul R. 
Gross, university professor of 
life sciences and director of the 
Center for Advanced Studies at 
the University of Virginia, and 
Norman Levitt, professor of 


WHAT THEY'RE READING 


• Murray Gefl-Mann, a phys- 
icist and author of “The Quark 
and the Jaguar,” is reading 
Christian Morgens rero’s "Gal- 
genheder ” (“Gallows Songs”). 

“1 read them as a kid in Ger- 
man. When I found out my 
publisher had than in English, I 
decided to reread them.” 

( Brandon Mitchener, 1HT) 



mathematics at Rutgers Uni- 
versity — nevertheless believe 
that these attacks are cause for 
concern. As scientific and tech- 
nological issues become in- 
creasingly important in the 
public debate, they say, hostil- 
ity to science and receptivity to 
What is essentially superstition 
can affect public policy drasti- 
cally; “We believe that the 
health of a culture is measured 
in part by the vigor with which 
its immune system responds to 
nonsense? they write. 

They are doquent in their de- 
scription of modern science as 
the great Western achievement 
that it is, and as the best known 
wav to fight disease and im- 


prove the lot of human beings 
(raulticulturalists and New Age 
practitioners notwithstanding). 

Although the various groups 
with gripes against science of- 
ten have conflicting goals, the 
authors point out that they tend 
to share some things: apocalytic 
views, career opportunism, a 
general disregard for facts and 
an insistence on staking out the 
moral high ground. (Ironically, 
in some of this they resemble 
the religious right that pushes 
so-called creationism.) 

Ignorance is a common trait, 
with literature professors mak- 
ing noise about patriarchal or 
elitist or Western hegemonic at- 
titudes in the study of relativity 


or chaos theory, without any 
understanding of what these 
things mean in scientific terms. 

Feminists are concerned that 
the teaching of math under- 
mines girls’ seif -esteem or that 
the egg is made to look “pas- 
sive" compared to the spam; in 
one (unfortunately representa- 
tive) instance, Newton’s “Prin- 
czpia Mathematics” has been 
described as a “rape manual." 
These feminists are, the authors 
say, mostly guilty of “meta- 
phor-mongering, " less interest- 
ed in the content of scientific 
writing ihan in the use of incor- 
rect “gender" language. 

Afrocentrists wish to rewrite 
scientific history with Africa as 
its center, and pseudo-science of 
tins kind is routinely tau gh t in 
black studies programs. “Some- 
how, the condescending belief 
has taken hold that black chil- 
dren can be persuaded to take an 
interest in science only if they 
are fed an educational diet of 
Fairy tales," the authors write. 

Ecologists raise alarm over 
the so-called greenhouse effect, 
still unproven. Animal-rights 
advocates attack labs and en- 
dorse “cruelty-free” products 
(in a footnote, the authors say, 
with the wit that characterizes 
the entire book: “We hope that 


these concoctions are tested on 
something. It would do the envi- 
ronmentally sensitive no good 
at all to shampoo with what 
mined out, upon its first tests in 
the marketplace, to be an her- 
bally fragranced depilatory"). 

Some homosexual radicals 
see AIDS as the ultimate result 
of “oppression" by the hetero- 
sexual community; some black 
radicals believe it is a plague 
unleashed by science against 
blacks. The identification of the 
virus that causes AIDS would 
not have taken place so quickly, 
the authors point out. “had 
there been no biotechnology 
and molecular immunology 
based upon genetic engineering 
methods — methods so abhor- 
rent to the radical critics of sci- 
ence, methods that biotechnol- 
ogy opponent Jeremy Rifkin 

and his ‘postmodern science' 
admirers consider to be not 
only superfluous but a kind of 
blasphemy against nature. . ” 

The disturbing thing , this 
book shows, is not that science 
is criticized, as it should be in a 
democratic society. There are 
scandals and fraud aplenty in 
the scientific world. The dis- 
turbing thing is that the criti- 
cism is so stupid. 

International Herald Tribune 


By Robert Byrne 

G ATA KAMSKY beat Ni- 
gel Short in Game 5 of the 
Professional Chess Associa- 
tion’s semifinal championship 
matches in Linares, Spain. 

In the Rubinstein Variation, 
4 e3, against the Nlmzo- Indian 
Defense, White would invari- 
ably mobilize with 6 Nf3 years 
ago, but very few players do 
that now. On 12 Bc2, Black has 
rarely tried to open the center 


BHORT/BLAGK 



T? c a e i Q *T 
KAUSKVJWMIE 

Position after 22... Nfff 

with 12...e5. Peihaps White en- 
joys a slight superiority in mo- 
bility after 13 de Ne5 14 Qd4 
Nc6 15 Qd3 g6 (or 15...Ne5 16 
Qg3) Id Rdl. 

Up to IS N2g3, both sides 


have deployed their forces in a 
fairly routine way, but now 
Kamsky’s subtle pressure was 
becoming annoying. Short 
could not aim for a liquidation 
of material with 18— NT6 be- 
cause 19 Ng5 would intensify 
White’s attacking chances. 

Short started a redeployment 
of his queen knight with 
18...Nb8. but after 19 Qf3 Rc7 
20 Nh5!, Kamsky threatened 21 
Bd5 Bd5 22 Nef6 Bf6 23 Qf6 
Qf6 24 Nf6 to win a rook. The 
invading h5 knight was imm une 
because 2G_.gh? would be disas- 
trous after 21 Qg3. 

Short could not accept the 
pawn sacrifice that 21 n4 in- 
volved because 21..JJh4? 22 
Ndd! Re7 23 Nb7 Rb7 24 g3 
Bfd (or 24.. .gh 25 gh Kh8 26 
Qg3 f6 27 Re6!) 25 Bd5 ed 26 
Nf6 Nf6 27 Qf6 Rel 28 Rel Qf6 
29 Re8 mates. 

He tried to reinforce his king 
with 2L..N7/6, but this was too 
late. After 22 Nhf6 Nf6, 
Kamsky blasted open the posi- 
tion with 23 d5.\ one point be- 
ing that 23...Bd5 24 Bd5 Nd5 25 
Rd5! ed 26 Nf6 Kh8 27 Ne8 
Qe8 28 Qfdl ends the struggle. 

After 23..Ne4 24 de!. Short 
had to give up his queen with 
2 4„J5 25 Rd8 RdS, if he wanted 
to go on playing. Yet after 26 


Rdl his situation was hopeless. 
Thus, 26._Rdl 27 Qdl sets up- 
the threat of 28 Qd8! Bd8 29 e7: 
followed by mate, while- 
26... Rdc8 27 Qf4 KhS (27...Nf6 ' 
does not stop the crushing 28 . 
Rd7! either) 28 Rd7! leaves* 
Black defenseless. Moreover,. 
26._Nd2 is ripped by 27 Rd2! 
Rd2 28 Qf4< Rdc2 29 Bc2 Rc2 
30 Qd4 Bf8 31 Bf8Kf8 32 Qf6. 
win force mate. Short gave up 
without having to have any of 
this demonstrated to him. 

N1WZO- INDIAN DEFENSE 


White 

aim* 

WHO 

Black 

Kamfcjr 

Shut 

Iftiirty 

Start 

] 04 

N» 

14 BbB 

M 

1 C4 

efl 

IS Radi 

Bb7 

3 Nc3 

BW 

16 Wei 

RCS 

4 e3 

c3 

17 Bb3 

16 

& Bd3 

Ncfi 

18 N3g3 

NfaB 

?r 

ed 

dS 

aoSw 

Hr7 

Nd7 

Sod 

NdS 

U M 

NTfiJ 

9 0-0 

BdS 

32 Nhl6 

NIB 

10 NM 

Bt7 

a a 

Ne4 

11 *3 

0-0 

Mde 

15 

I2BC2 

RcB 

25 Rffi 

MB 

13 Qdl 

Bfi 

28 Rdl 



For investment 

information 

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Asia/Pacific 


O 

1994 


150 

130 

110 

90 


Approx, weighting: 32% 
Owe: 131 .77 Prev^ 129423 


Europe 

Ur. • 
1.97 V 

Approx, wiohljng: 37% 

Close: 119.25 Prw.: 117.96 



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M J 


S O 
1994 


A S O 
1994 


North America 


Latm America 





M J J A S O 
1994 


Tto ntfex tracta US. ctofisr values of stocks in: Tokyo, Now Ym*. London, and 
Anienttna. Australia, Austria, Belgium, Bmzfl, Canada, CWte. Denwk, Finland, 
Frmas. Germany, Hong Kong, Italy, Mexico, Nether lan ds. New Zealand, Norway, 
Singapore, Spain. S weden, Switzerland ml Venezuela. For Tokyo. Now Yarkand 
London, the Max Is composed of the SO top bauaa In farms of market capbaUzattan. 
otherwise the lon top stocks am liacktxL 


lindu^trial Sectors :• | 


Bcu. 

Prey. ft 


Men. 


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daw 

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daw 

don 


Energy 

119.47 

118.07 +060 

Capital Goods 

118.94 

11 SL 78 

+ 0.13 

Unites 

129.84 

12847 +047 

Raw Materials 

13&50 

138.97 

+0.45 

Finance. 

117.81 

116.13 + 1.45 

Consumer Goods 

105.84 

10543 

+ 1 X 20 

Services 

120.45 

% 

1 

kfisceflaneotB 

127.17 

125.48 

+ 1.35 

F& mote informslion about toe Index, a booMetis available free of charge. 


Write to Trib index, 1B1 Avows Charles de Gautie. 92S21 NeiMy Codex. Franca. 


GM Builds on a Communist Base 

East German Opel Plant Becomes a Model Factory 


By James Bennet 

New York Tima Service 

EISENACH, Germany — On a foun- 
dation laid by Communists, General 
Motors Corp. has built a model of effi- 
ciency for the automobile industry in this 
reviving hamlet of the former East Ger- 
many. 

When GM began assembling small cars 

in Eisenach two years ago, skeptics pre- 
dicted that it would struggle to train and 
motivate workers enervated by decades 
under a Communist government 

But as GM has steadily increased vol- 
ume and quality at this factory it has 
found the reverse: Not in spite of, but 
because of, their experience and linger- 
ing ideals, the East Germans embraced 
what GM is straining to teach workers 
worldwide — the Japanese approach, 
with its emphasis on teamwork and con- 
stant improvement. 

As a result the success of Eisenach 
says perhaps as much about the brave 
new world of manufacturing as it does 
about GNTs prospects for competing 
with more efficient automakers. 

The East Germans. GM discovered, 
are delighted to work in small teams , like 
the “brigades” they knew in the Commu- 
nist days. And they are happy to 
strengthen their bonds by socializing af- 
ter hours, at the company's urging, with 
other team members. 

“That was also true when I worked in 
a brigade structure,” said Steffen dadin, 
23, who assembles car interiors on the 
Eisenach line. “We all got along together 
and hung out together away from work.” 

The workers are comfortable with the 
fuzzy line between managers and hourly 


workers. Their education, geared toward 
manual skills, better prepared them for 
life in the plants. 

Years of scraping by with few cars, 
washing machines or other durable 
goods — and few replacement parts for 
those they had — have led them to make 
suggestions to save material and labor at 
10 tunes the average rale of GM workers 
elsewhere in Europe. 

Workers, salaried or hourly, seem con- 
tent to wear the mandatory and oddly 


East Germans, GM 
found, were delighted to 
work in small teams like 
the 'brigades’ of the 
Communist days. 


This plant, which is part of GWs 
Adam Opel AG subskiary, has become a 
model for the company. Manufacturing 
managers from Eisenach, who first 
trained in Japanese techniques at GVTs 
joint ventures with Suznki and Toyota, 
have returned to North America to 
spread the gospel 

GM*s European operations, which are 
far more profitable than those in North 
America, are also feverishly trying to 
teach the Eisenach lessons in other 
plants. Competition is intensifying even 
as sales are picking up 

“There’s a real focus cm getting lean in 
Europe among all the automakers,” said 
John F. Smith Jr., GNTs president who 
headed the European operations in the 
late 1980s. “The guy who doesn’t is going 
to set hurt.” 


j competition is already eating 
into profit at Opel which in terms of 


formal uniform: gray slacks, long-sleeved, 
button-down white shirt and gray sweater 
— in contrast to the opinionated T-shirts 
and blue jeans worn in other European 
and North American plants. 

“They are proud to work with the 
company and to have part of their old 
traditions carried over,” said Arno Wie- 

denroth, who manages Risenarh’s final 

assembly process. Eisenach’s workers, be 
said, are the best he has known in his 18- 
year manufacturing career in Europe. 

The distinctive labor force raises ques- 
tions about how easily GM can replicate 
this experiment. Teaching Pjsenarh work- 
ers the new manufacturing approach “was 
much easier than to do the same thing in 
the old plants,” Mr. Wiedenroth sard. 


production is the No. 2 automaker in 
Europe, behind Volkswagen. 

During the three months that ended 
SepL 30, GM said, earnings from its 
international operations dropped 40 per- 
cent from the previous year, to $240 
million, in pari because price cuts by 
Volkswagen in Germany forced Opel to 
offer bigger rebates on some cars. 

In the first nine months of the year, 
sales of Opel cars climbed 3.1 percent in 
Western Europe, to 1.15 mini on. In a car 
market that was up about 4.6 percent, to 
922 milli on, Opers share slipped to 12.4 
percent, from 12.6 percent, in part be- 
cause of a production shutdown to intro- 
duce a new model 
At Eisenach, most of the workers once 

See OPEL, Page 12 


RJR to Offer 

Public 19% of 


Food Business 


The Associated Pros 

NEW YORK — RJR Na- 
bisco Holdings Corp. said 
Monday it planned to sell a 19 
percent stake in its Nabisco 
food business, which makes 
Oreo cookies and Ritz crackers 
among other brand-name 
foods, m an initial public stock 
offering. 

The offering appears de- 
signed to attract investors to its 
thriving food business who may 
have been unwilling to buy into 
the parent company, which also 
owns the second-largest U.S. 
tobacco company. 

RJR’s stock closed un- 
changed at $6,875 on the New 


York: Stock Exchange, but trad- 
1 million 


ing totaled 8 million shares, 
making it the most actively 
traded issue. 

RJR Nabisco said it expected 
to raise between $1.04 billion 
and 51.17 billion from the stock 
offering in the food company 
and would use $1 billion of the 
proceeds to reduce debt. 

It also said it would begin 
paying a dividend of 30 cents a 
share annually on RJR Nabisco 
stock. The company has not 
paid any dividends since its 
stock became available to the 
public in 1991. RJR was taken 
private in the biggest leveraged 


buyout to date in 1989 and 
made some of its stock available 
to the public two years later. 

Separately, RJR Nabisco 
said it was dropping its plan to 
buy a 20 permit stake in Bor- 
den Inc., the food company that 
h».< agreed to a $2 billion 
buyout by the investment firm 
Kohlberg, Kravis, Roberts & 
Co., a major RJR shareholder. 

RJR said it had been unable 
to reach a definitive agreement 
on the proposed stock swap, in 
which it would have paid $500 
millio n of its stock for the Bor- 
den stake. 

The collapse of those talks 
was not expected to affect Kohl- 
berg Kravis’s deal with Borden. 

RJR Nabisco and its larger 
rival Philip Morris Cos. have 
been under pressure in recent 
months from shareholders who 
feel the legal problems faring 
their huge tobacco operations 
are depressing the market valu- 
ation of the food business. 
Philip Morris directors took 


no action in May on a plan to 


and tobacco 


divide the 
businesses. 

In its announcement, RJR 
said its plan to sell a stake in its 
food business would hdp its 
food and tobacco operations 
“achieve their full valuation.” 


Capital Shortage in Middle East Could Curb Oil Output 


By Agis Salpukas 

New York Tima Service 

NEW YORK — Military maneuvers in the 


Gulf, pipeline damage and spills in Texas and 
last wee 


news. 


O kveawdonU Hamid Tribune 


week that two oil companies had tem- 
taken refineries off line have ruffled the 
cnl market in recent weeks, and prices are at their 
highest levels since midsummer. 

But in the great scheme of energy supplies, 
these are mere blips. Of far greater concern, 
specialists say, is that by the end of the decade 
hfrlinns 0 f dollars wfll be needed to improve oil 
fields, pipelines and ports in the Middle East to 


be able to meet growing demand from oil con- 
suming countries. 

It is far from certain who will provide that 
money, raising the possibility that production 
will not meet that growing demand and prices 
will increase worldwide. 

Since 1985, the demand for oil has gone up by 
about 7 mini on barrels a day, with almost all of it 
being fulfilled by a rise in production by the 
Organization of Petroleum Exporting Countries. 
Production in the United States, including Alaska, 
has been declining, and fields in the North Sea 
have matured and production growth has slowed. 


Demand for oil is expected to hit 76 million 
barrels a day by 2000, up from an estimated 68 
million now. 

Middle Eastern countries should be able to 
notch up production to meet the higher demand 
for the next few years. But years of reduced 
income brought on by weak oil prices and a need 
to spend more on increasing social needs have 
left the oil producers without the deep pockets 
they need to expand production. 

’There are now increasing demands for social 
justice and more political participation,” said 
James A. Bill, director of international studies at 


W illiam Si 
Vir ginia. 


Mary College in Williamsburg, 


No one seems to expect a repeat of 1973, when 
>ed by Arab countries caused a 


the embargo imposed 1 


quadrupling of oil prices and long lines at gas 


stations. StQl analysts said that just because the 
latest Middle East confrontation was shrugged 
off by the energy markets, consuming countries 
should not become complacent 
Keith Wdham, economist for the Internation- 
al Energy Agency, which trades energy trends for 
the wand’s consuming countries, recently pre- 
dicted that the price of oil would rise steadily. 


Thinking Ahead /Commentary 


The Race to Still Larger Trade Zones 


By Reginald Dale 

International Herald Tribune ■ ’ 

W ASHINGTON —The Unit- 
ed States and the European 
Union suddenly seem to be 
racing to sign up partners in 
new economic megazones that could rad- 
ically alter the pattern of global trade. 

Longstanding warnings that the world 
may break up into three warring blocs 
based in Europe, Asia and America are 
be ginning to look dated. With a grand 
design now on the table for bringing Asia 
and America together, there might be 
only two. (Intriguingly, Russia might 
qualify for membership in' both.) 

Of course, such ambitious plans con- 
tain seeds of danger to the multilateral 
trading system. But, handled right, they 
could lead to more open trade worldwide. 

With its plans to expand into North- 
ern, Central and Eastern Europe well 
undo* way, the European Union could 
expand to 20 or more members in the 
next 10 years. 

Now, the European Commission is pro- 
posing a 40-country Euro- Mediterranean 
zone that also would include the Arab 
countries of Northern Africa and reach 
deep into the Middle East. The plan for 
what is billed as the warid’s biggest free 
trade zone is likely to be endorsed at the 
ELTs summit in De c ember. 

Bui Euro-Med pales in comparison 
with the plan that President Bill Clinton 
hemes to see adopted at the summit meet- 
ing of the 18-country Asia-Pacific Eco- 
nomic Cooperation forum in Indonesia 
this month. 


Thai meeting is likely to set a target 
date for an Asia-Pacific free trade area 
incorporating the world’s two top eco- 
nomic powers (the United States and 
Japan), the world's fastest-growing ma- 
jor economy (China) and the fastest- 
growing region (East Asia) — not to 
mention Australia and New Zealand. 
APEC already represents almost half the 
world’s population, more than 50 per- 
cent of its output and 40 percent of its 
trade. 

One month later, Mr. Clinton is to meet 
Western Hemis phere leaders at a s ummit 


ed in English), while European integra- 
tion is led by governments and espouses 
multilingualism. 

But there also is a major common 
feature. Both new megazones would for 
the first time include large numbers of 
developed, newly industrializing and de- 
veloping countries, with huge gaps in 
incomes — a path pioneered by NAFTA 

That means they wDl face enormous 
political obstacles. If it was bard to con- 
vince Americans of the virtues of free 
trade with Mexico, how about a free trade 
Tp ne including China and Indonesia? 


Handled correctly, the 
free-trade 'megazones’ 
now being formed could 
lead to more open 
commerce worldwide. 


In Europe, Germany and other north- 


meetingin Miami at which pan-American 
free trade will be a major theme. 

There is already talk of linking the 
North American Free Trade Area to the 
Asia-Pacific Free Trade Area at some 
point, although views differ sharply on 
how to do it. 

There are big differences between the 
two emerging blocs. The Asia-Pacific 
Free TradeArea would be much less 
tightly knit than the Europe-based eco- 
nomic zone. In the Pacific, the driving 
force is private business (often conduct- 


em states don't share their southern 
iters’ sense of urgency over Euro-1 
And while many Asia-Pacific countries 
are keen to lock in free access to the U.S. 
market, h is not dear they are really ready 
to offer free entry to theirs in return. 

For the moment, the European ven- 
ture looks marginally more realistic. Mr. 
Clinton doesn’t even have the necessary 
fast-track authority to start new trade 
negotiations. 

But it won’t do any harm to set off in 
the general direction of regional free 
trade, provided the participating coun- 
tries give the highest priority to the 
health of the global trading system. 

If the two blocs can remain outward- 
looking and ready to negotiate with each 
other, their Formation could generate 
momentum for freer trade overall But if 
that is to happen, the first step must be 
for everyone to ratify the Uruguay 
Round so as to strengthen the founda- 
tions of the multilateral system. 


Commercial Fishermen 9 s Outlook Bleak 


By Sara Rimer 

New York Tima Service 

GLOUCESTER Massachu- 
setts — At the Si Peter’s Club 
by the harbor, where the fisher- 
men drink and play cards and 
tell tales of the sea, Guiseppe 
Noto was in a rage. 

He pounded the pool table 
with bos huge hands, creased 
and calloused from nearly 30 
years of pulling on ropes and 
chains, shoveling ice onto fresh- 
ly caught fish and hauling nets 
out of the ocean. 

“The bank, they call me yes- 
terday!” shouted Mr. Noto, a 
40-year-old Sicilian immigrant 
whose only school — the only 
one he needed until now — has 
been the sea. “I lose my house, 
my boat, my family. All my life 
— fishing What else can I do? 
This is my Kfe. The fish are my 
life.” 

Mr. Noto was expressing bis 
worst fears. The fish that he had 
assumed would be forever 
abundant, that he had put all 
his skill and resources into 


chasing, have been disappear- 
/ of life that 


CURRENCY & INTEREST RATES 


ing, along with a way of 
has sustained Gloucester and 
its generations of Sicilian and 
Portuguese immigrants for 
more than 350 years. 

Mr. Noto returned last week 
from another unprofitable 
nine-day trip to the Georges 
Bank fis hing - grounds only to 
hear yet more bad news: A fed- 
eral panel had recommended 
that the Commerce Depart- 
ment virtually shut down com- 
mercial fishing there; it was in- 


tended as an emergency 
measure to try to save the al- 
ready severely depressed fishing 
industry. 

The panel, the New England 
Fishery Management Council 
acted after a group of scientists 
reported in August that the 
Georges Bank, once one of the 
world’s richest fishing grounds, 
could be saved only if the cod, 
haddock and ydlowtail floun- 
der had a chance to spawn 
again without interference. 

“The fishermen are an inde- 
pendent, hard-working lot,” 
said a council member, Tom 
HSU, a former fisherman from 
Gloucester. “They did what 
they do best, and that is that 
they fished. The fish were being 
taken out of the ocean faster 
than they could reproduce. 
Maybe m 10 years, maybe in 
five years if God is good to us, if 
we have some great spawning, 
the fishery will recover relative- 
ly quickly.” 

But 10 years, five years, even 
one year is too long for Gui- 
seppe Noto and the other fish- 
ermen at St. Peter's, whose lives 
are intertwined with fishing, as 
were the lives of their fathers 
and grandfathers. 

Mr. Noto was 11 when he 
started fishing with his father in 
Sicily. Five years later, he came 
to Gloucester and got a job on a 
boat. He was too busy fishing to 
learn more than rudimentary 
English. 

What mattered was that he 
knew how to work with his 
hands and was willing to spend 



flounder has already cost an es- 
timated 14,000 jobs’. 

The fishermen rail at the 
council at the federal govern- 
ment, at the conservationists. 
They say they were told that the 
previous restrictions would 
bring the fish back. Now they 
ask why they should believe the 
new measures will work. 


weeks at sea, in snow and ice 
and gale-force winds. Seven 
years ago, be made the down 
payment on his American 
dream: the Jacqueline Marie, a 
90-foot trawler. 

Today, his boat is one of few- 
er than 150 in a commercial 
fleet that 15 years ago num- 
bered more than 450. 

The council's recommenda- 
tion was only the latest sign of a 
crisis in commercial fishing , 
both in the United States and 
abroad. In New England, over- 
fishing of cod, haddock and 


Jane Russo is 31. Six nights a 
week, sometimes seven, her hus- 
band, Vincenzo Russo, is at sea, 
trying to make a living. After 
the first regulations were put in 
place last spring, he made the 
decision to switch to herring, a 
far less popular and lucrative 
fish than the cod, flounder and 
haddock that he had been 
catching, but one that is so far 
unrestricted. 


“We invested all our savings 
in herring gear," Mrs. Russo 
said “My husband knew the 
cycles of the other fish. He’s 
still learning herring. What if 
the herring disappears from De- 
cember to March?” 


AD she wants, she said is to 
stay in the town where she was 
born, to raise her children here, 
and to grow old in a Gloucester 
where there are still fishermen. 


Asuferdom 


FRMkfMt 
ltd 


Cross Rates 

s l OJA. 

IMS 2JS4 l- ra 

jus ** 
nn tan — - 

10 M* 

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Tokyo M Of.M 

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M, US C Mt BW ±~ w M 

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MY York and Zurich. fMntu tnolhorooMK} Toronto 
ono donor: units of ** **** : 


Eurocurrency Deposits 


Dollar D-Mark 


m ■■ — 

I IIMHIIU* jtIvTI 


Ota* 5Vs-5% 


Bits 




Oct 31 

5 will 


French 



Franc 

Sterling 

Franc 

Yen 

ECU 


5 V5 ft 

SMP/t 

2ft-2ft 

5 Nr5 “ . 

3<ft4ft 

6-6M 

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4 hr4 ft 

6 Art ft 


2ft-2V» 

6VWV. 

4V*-4tt 

7 ft-7ft 

6V. -Aft 

2 ftflft 

6 ft* ft 


Sovran: Reuters, Lloyds Bart. 

Rata to interbank dcvasttioiSl million mtrtfmxn (or equivalent). 


K*y Money Ratos 


JRRttt 44005 MokW-rtA 


CumocT 

Mex-PMO 

K.Zsatan*S 

Ham. krone 

pWLoeso 

MW*** 

Port.**™* 

am. ruble 

Sown rival 
Sim-*' 


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14305 

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2*A0 

23092. 

1S4A5 

3005-00 

17508 

IA715 


CorraKY Per* 

S. Air. rand M9* 
5.K0T.WM »U0 
Swed. krona 7.7118 
Taiwan* 

TMltwM M-W 
TurtUinra 35BS9. 
UAEdUW 16727 
veeez. dally- MPA? 


United State* 
DUoaBt rate 
Prim rale 
Federal fans 
MwemCDe 
Cemin. raw IN days 
I we etn Tre—ry MM 
1-year Traanry MR 
3-nar Treasury not* 
5-rear Tnatttty note 
7-year Treasury note 


M*ear Treasury bead 
Mtnfl Lmdi 3May ready « 


Close Prtv. 
4DD 4JH 
7% 71* 

4% 41* 

ASS 450 
540. SSS 
501 459 

5J9 STB 
6JQ AM 
748 747 

750 749 

700 7J9 

7SJ 756 
Hi 433 432 


» 5% 

» Sh 
5tk 51k 
Aft 600 
6ft 6ft 
BJJ 839 


irtf Rates 


Currency 

Cdoodion dollar 
Japanese r* B 


imp* **»*£"[ 

1JS1S 13520 13521 
77.18 96* 


3* dor HAW 

tar U2U IA21I A2W 

S - ■ !£! '32 U" 7 Bunco Commemaa ttatkno 

MFI5bKlCBtcrdatOf»*» **1**#**" 


Plicm dl wM 

Can money 

i-moafl> Merten* 

Smenih Merton* 

framdbiattrtank 

iSwar Omerawmnimd 

Germany 

Lombard rate 

CDllinooer 

lnman werta* 

SMiHi Marta* 

MUttMOS* 

KHnarBaud 


ttt lit 
2ft 232 
2ft 2ft 
239 2ft 
2Vj 2ft 
4* 472 


BrtWq 

Bank base rate 
CeBnoaey 
Wnoatb Mertauk 
3-meatH interbank 
I monte krterPaak 
leyaarsm 
France 

lie rvewfton rale 
Can money 
1-monte l etert a* 

3- mOatn Interbank 

4- moatti hrierta* 

18-ytarOAT 

Sources: Reuters. Bloomberg. Merrill 
Lrach. Bonk of Tokyo. Commerzbank, 
CfetnweUAMntnau.CrkatLYanrxds. 


$00 300 

ClStL 5ft 

- 5ft 

- 5Vi 

- 5ft 

- 836 


Odd 


600 ABO 
A00 485 

500 500 

531 5ft 
530 535 

7J7 7 J9 



AM. 

PM 

Ch'ee 

Zurich 

38735 

384D0 

— 3J5 

t 

38740 

an at 

—335 

New York 


38490 

—180 


US. Mian per ounce- London omauitkt- 
mou Zurich an d H ew York omntoanrfcto- 
Jn* Prices.' Hew York Gamex (OecmtberJ 
Source: Reuters. 


Donf miss the upcoming 
Special Report on - 



in the November 2nd 
issue of the newspaper. 


1NTCHNATJONAL 



United Nations Educational, 
Scientific and Cultural Organization 


UNESCO 


*»*»*****»« 


Prequalification applications 

are invited from firms wishing to 
participate in a competitive tender for: 


PRIVATIZATION OF THE 
RESTAURANT SERVICES 
at UNESCO Headquarters in Paris 
on the 

Fontcnoy and MioIIis / Bonvin sites 


Application files 
together with references 
should be directed to: 


UNESCO - BPS / GES 
Restaurant Services 


7, place de Fontcnoy, 
753S2 Paris 07 SP (FRANCE) 
by21 November 1994, 
atthe latest 


Applicants must be able to provide 
sound references 






i . 
» 
t 

l. 

i 















Page 12 


ENTERNATIOIVAL HERALD TRIBUNE, TUESDAY, NOVEMBER 1, 1994 


** . 


MARKET DIARY 


Tobacco Sector 
Pulls Down Stocks 


NEW YORK — Weakness in 
the tobacco sector, led nv Philip 
Morris, puiled the slock market 
down Monday. 

Philip Morris dropped 2% to 
61ft, paring the drop in tobacco 
issues after a Florida court on 
Friday permitted individuals 
claiming to have been harmed 
by tobacco to sue as a group. 

The lawsuit seeks damages 
from the companies on behalf 

U.S. Stocks 

of all U.S. smokers who could 
not quit smoking because of the 
addictive nature of nicotine. 

Analysis said a class action 
poses more liability danger than 
have previous tobacco lawsuits. 

“Philip Morris is the bellweth- 
er in the tobacco group, and ev- 
ery time there's a litigation scare, 
traders lake the stock down," 
said Kurt Feuerman, a manag- 
ing director at Morgan Stanley 
Asset Management 

The Dow Jones industrial av- 
erage closed 22.54 points lower 
at 3,908.12, while losing issues 
outnumbered gaining ones by a 
6-to-5 ratio on the New York 
Stock Exchange. 

Many investors balled out of 
Philip Morris late in the session, 
with computer-guided sell or- 
ders in that stock accounting 


for about 8 points of die Dow's 
drop, analysts said. 

In addition to tobacco issues, 
drug stocks were weak. Merck 
lost ft to 35ft; the company is 
set to install Raymond V. Gfl- 
martin as chairman on Tuesday 
as P. Roy Vagdos retires after 
19 years as chairman. 

Celtrix Pharmaceutical 
plunged 4 3/16, to 2 7/26 after 
the biotechnology company 
said the most advanced drug it 
was developing. BetaKline, had 
failed in a test on humans. Cel- 
trix said it was ending its effort 
to win Food and Drug Admin- 
istration approval for the drug. 

Entergy fell 1 ft to 23ft after 
the electric utility reported 
third-quarter earnings that were 
sbarpiy lower lhan in the year- 
earlier period. 

General Motors fefl ft to 39ft, 
its lowest level in 17 months, on 
speculation the automaker 
would cut as many as 60,000 
vehicles from its fourth-quarter 
production plans, analysts said 

Melhanex fell 1 to 15 after an 
analyst at Wertheim Schroder 
lowered his rating on the chemi- 
cal company’s stock. Methanex 
said it planned to expand oper- 
ations in Chile and New Zea- 
land and buy back as much as 5 
percent of its common stock 
next year. (Bloomberg, AP) 


Dollar Falls as Fears 
Of Inflation Resurface 


Complied by Our Stuff Firm Dispatches 

NEW YORK — The dollar 
fell against other major curren- 
cies Monday as optimism faded 
that the U.S. economy can con- 
tinue to grow rapidly without 
generating faster inflation. 

The Purchasing Management 
Association of Chicago, which 

Foreign Exchange 

reported an increase to 72.5 
percent from 72.1 percent in its 
prices paid index, added to con- 
cern that the Federal Reserve 
Board had not raised rates 
quickly enough to slow the 
economy and control inflation. 

Dealers said that although 
the Figures were not far above 
forecasts, they helped to con- 
firm worries about upward 
pressure on prices. 

The report also pressured 
bond prices, pushing the yield 
on the 30-year Treasury bond 
up to 7.97 percent from 7.96 
percent Friday. The decline in 
the bond market also dragged 
the dollar lower. 


An MMS International ana- 
lyst said the dollar losses would 
reduce speculation that Fri- 
day's rally signaled a reversal in 
sentiment. 

The dollar closed at 1.5034 
Deutsche marks, down from 
1.5100 DM on Friday; 96.90 
yen. down from 97.28 yen; 
1.2565 Swiss francs, down from 
1.2595 francs, and 5.1465 
French francs, down from 
5.1665 francs. 

The pound closed at $1.6355, 
up from $1.6240 late Friday. 

Nick Stamenkovic, econo- 
mist at DKB International, said 
the National Association of 
Purchasing Management's sur- 
vey, due Tuesday, would be 
more important as an indicator 
of prices nationwide. 

Stuart Frost, technical ana- 
lyst at NaiWesl Markets said 
trading was thin and investors 
were on the sidelines before the 
October employment report, 
which will be released Friday. 
(Reuters, Bloomberg, AP, AFX) 


VaAmdowlhw 


Oct. 31 



IHT 


NYSE Most Actives 



VOL Htotl 

LOW 


On. 

RJRNab 

80655 7V. 

6% 

6% 


PW mr 

71096 a 

SOU 

61% 

—29* 


52334 60% 

39% 

3*% 

— V. 

FardMs 

35261 29% 

29% 

29% 


FUR Ml DC 39168 1'A 

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6% 



29620 06% 




PjRptP 

27068 7% 

6M 

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NtSernl 

24968 17% 

17% 

17% 

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24567 es% 

47% 

48% 

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USXMor 

243U 19 

IM 

18% 

+ % 

TeWex 

24164 56% 

55 

55 

—1% 

Compcws 

22418 41% 

40% 

40% 

— % 

21199 24% 

23% 

23% 

_w+ 





— % 

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19757 29% 

27 

27% 

—1% 


NASDAQ Most Actives 



VoL Mph 

Law 

Last 

Novell 

73774 18% 

17% 

lB'-i 

Methara: 

S51B4 IS 1 * 

14% 

IS 

MCI 

48111 93% 

22% 

23 

Osoas 

38735 30% 

29% 

30% 

Means 

37166 63% 

63 

63 

Intel 

33576 63 

61% 

62% 

AppleC 

31589 43% 

41% 

<3Vis 

PfrtGaos 

259B9 2 S*fa 

94% 

ZSV„ 

LDDSs 

XNOc. 23% 

22% 

23% 

imvDv 


27% 

28% 

DeflCuir 

20637 85% 

43% 

44% 

IDBCms 

17AM 9% 

5% 

9% 

NbleDr 

16975 7% 

7 

7% 

Oracle* 

16903 46% 

45% 

46 

Amgen 

16815 56% 

55% 

55% 


aw. 

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Law 

Last CM. 

Vine vrt 

48281 l%i 

)%* 

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Amctil 

9846 10% 



AdvMMT 

8587 1% 

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1% +% 

EchoBay 

XCLLJd 

5469 12% 
5456 1% 

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IvaxCp 

5010 20% 

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3262 11% 

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OKLb 

3118 5 

4% 

4% +V* 

Market Sales 


Today 

Prev. 


Close 

cora. 

NYSE 


76 

45A70 

Amcx 

13 

2264 

Nasdaa 

28X40 

38 LH 

In millions. 




Dow Jones Averages 


Open High Low im aw. 

Indus 392&M 3937.05 3907 Jt 3901)2 —ZUA 
Tram 133X07 153734 1U 1134.9? -97B 
lim 1B1.91 1®M 18006 131.39 -0.24 
Comp 131X01 131133 1307.14 1307.27 —7.09 


St anda rd & Poor’s Indexes 


industrMa 

Trans?. 

U till lies 
Finance 
SPOT 
SP toa 


High Low dose CM* 
MS 591 JS 561.38 -Ml 
370.17 34X04 34471—133 
15190 152.94 15107 — 0J2 
4W1 4171 4173-0.17 
4701 472J3 47135— 102 
44040 43778 43778 -M0 


NYSE Indexes 


High 


Lad dw. 


Comports 

Industrial! 

Traiup. 

UflSfv 

Finance 


r* 

25940 [25800 25149 —074 

328.17 T7A ra _oj ft 

234.17 23476 23447 —M0 
20540 M4J3 M — 0JS 
205.79 2Q5.12 205.14 —040 


NASDAQ Indexes 


HM LOW Lost CUB. 

Composite 77843 7747* 77743 *147 

Industrials 787.95 785.16 787.15 -a 10 

Berta 738.10 73386 73US -106 

Insurance . *25.11 92104 *2349 — 0J8 

Rnanon 91039 90740 *0647 -144 

Transo. 708.17 70576 70820 *113 


AMEX Stock Index 


Hlstl Low Last aw. 
458J9 457.0 45847 -041 


Dow Jones Bond Averages 


20 Bands 
10 Utilities 
10 Industrials 


Cton arte 

Kao —am 

vans —0.14 

10035 + 012 


NYSE Diary 


Advanced 
Declined 
Unchmed 
Total Issues 
New Highs 
New Laws 


Ctom fVov. 

1043 1661 

1173 61* 

675 629 

28*1 2*06 
82 87 

93 114 


AMEX Diary 


Advanced 
Declined 
Unchanged 
Total issues 
FMWHlSlU. 

New Lows 


311 356 

285 317 

319 249 

015 S24 

12 10 

23 24 


NASDAQ Diary 


Advtnoed 
Declined 
Unchanged 
Total issues 
New Highs 
New Lows 


1731 1B74 

1561 1371 

1871 1868 

1113 5113 

- 125 164 

75 75 


Spot Commodities 


Commodity Today Prev. 

Aluminum, lb 0311 0819 

Cower electrolytic. 1-22 1 JS 

Iran FOB. tan ZI3MI ZI1D0 

Lead, lb 042 042 

Silver, trov oi 5L27 5385 

Steel (scrap). Ion 127.00 ruoo 

TbT.lt> X990S 18439 

Zinc, lb 85994 05S28 


EUROPEAN FUTURES 


Metals 

Close Fnertauj 

■Id Ask Bid Aik 
ALUMINUM (KtgA BfOdel 
Do Bart per WBWctQa _ 

Spat 17B7JM 17HUB 1«K« TSJXW 

Forward 180930 181030 WZWW 182830 

COPPER CATHODES (HM Ora**} 

sMmaPeraMJeMa 

nrward 244930 265030 245630 265930 

LEAD 

r" i « , w «■ 

fortran) 66*30 67030 67150 47230 

NICKEL 

pattBriiwsNWcMB 

SOOt 719530 720100 721630 722800 

Forward 731030 731530 733030 714030 

TIN 

Doliari per metric tag .... 

Spat 50)000 50000 588100 58*100 

Forward 5MSJ0 596030 597030 598030 

ZINC (Special HM Grade) 

Dollars per metric tan 

Spat 110550 110640 111430 111530 

Forward 112730 112&3Q 1 13530 113630 


Financial 

HM Low Close Ctwnga 

3-MONTH STERLING (LIPFEI . 

BMM0 -Pilot 108 RCt 


Dec 

93JB 

9X46 

9350 

-006 

Mar 

92.76 

9203 

9206 

—012 

Jun 

92.11 

*102 

mu 

— Oil 

sen 

9108 

9108 

9100 

-0.10 

o«c 

91 JO 

9104 

91 J5 

-012 

Mar 

*101 

90.96 

9099 

-OlO 

Jen 

ms? 

9076 

9077 

—old 

5ep 

9002 

9059 

9000 

—010 

Dec 

WJ1 

9009 

9051 

-OJ98. 

Mar 

98147 

*042 

9045 

— om 

jua 

9040 

9038 

9042 

— 005 

W 

90J7 

9036 

9008 

— 006 

est. 

voHime: 4U14. Open 

tol: «<29X 


MIONTW EURODOLLARS [LIFFBJ 

n mllllM-Rbof toopet 

Dec N.T. N.T. 9434 — 032 

Mar N.T. N.T. 9140 -031 

JuP N.Y. N.T. 93.13 —032 

Sep N.T. N.T. 9279 (Inch. 

Est. volume: <L Ooen mt.: 4382. 


—an* 

— 034 


9343 — 002 


DMi mutton -pis a* in 
Dec 9437 9432 9432 - 033 

Mar 9441 9454 9454 —835 

Jan M32 94.15 94.16 

Sep 9334 9377 9378 

Dec 9X47 9X42 

Mar 9321 9X15 9X15 

Jim 9195 9237 92.W 

Sep 9249 9244 9245 — 034 

Dec 9240 9245 9145 —804 

Mar 9X40 *234 92JS —835 

Jen N.T. N.T. 9123 —834 

Sep 9113 9113 91U —035 

Est. valuma: 56474. Open inL: 680568 
LONG GILT (L1FPE) 

ISMM -Pis A 32ndSM M0 Pel 
Dec 10143 100-15 100-19 -0-12 

M«- 10B-00 100-00 99-22 —0-12 

EsL volume: 29381. Open tot.: 106361. 
GERMAN GOVERNMENT BUND (LIFFE) 
DM KUDO - pts Of IN PCt 
Dec 89,71 B938 89.13 —836 

Mar 8877 8870 8833 —036 

Est. volume: 74351 Open InL: 179591 


Industrials 


Web Low Uni Sente QNe 

gasoil ripe) 

U-S. dollars per metric taa-tats of KW tans 

13275 13850 13875 15850 —130 

154.00 15235 15125 15225 —875 

15525 15X75 15X75 15430 -050 

15600 15580 15X00 1558a —831 

15525 15SJOT 13580 15500 —873 

15325 15325 15X25 15325 -875 

N.T. N.T. N.T. 15150 — 040 

15175 151-25 15135 15150 —850 

N.T. N.T. N.T. 15335 —825 

N.T. N.T. N.T. 15450 — 035 

N.T. N.T. N.T. 155J5 — 035 

N.T. N.T. N.T. 15873 —025 

Est. volume.' 18638 . Owen ml. 104351 


Dec 

Jan 

Feb 

Mar 

Anr 

May 

June 

Jpty 

Sep 

Oct 


hm low Las sente arm 

BRENT CRUDE OIL (IPE) 

UA doliorj per feayel-Ms oi 15* barret* 
°*c W3B 1674 1404 1492 -039 
1632 854 1468 1468 -039 

1645 1444 1453 1453 —UN 

Ufi &5 1441-637 

1437 1432 1432 1434 —037 

1438 1634 1638 1629 - 037 

N.T. N.T. N.T. 1*38 —037 

1623 1620 1637 1433 + 031 

N.T. N.T. N.T, 1623 UncK 

N.T. N.T. N.T. 1423 —031 

NX N.T, N.T. 1423 -UB 


Jrn 

Feb 

Mer 

Apr 


Jan 

Jtr 

Aag 

Sob 

Oct 

NOV 


T435 1423 1623 1423 - 022 


Est volume: 3M99, Open int. 177022 


Stock Indexes 

hm. low a dm amtm 
FTSeMOaiFFEl 
IS per index poIir 

Dr 31303 30873 31093 +83 

Mnr 2M80 31253 31293 +7J 

JM 31608 31603 31513 +83 

Est. volume: 12322. Ot%n mL: 57338 
MATIF prices were nor aval took) Monday 

OnfuafmfUar. 

Sources: Motif. Assad a taa Press. 
Lon tap tn n Hnandat Futures Exchange, 
ton Petroleum Exc h ange. 


Dhrfd*nd9 


Company 


Per Amt 

IRREGULAR 


Rk Pay 


CuperttnaNtl Bncp 
LUU= Royalty 
Ntaeara Ma adlpf C 


_ .10 11-10 11-30 

_ JDW 11-7 1J.T5 


11-7 13-31 

STOCK 

Home interstate _ 5% 13-1 72-20 

REVERSE STOCK SPLIT 
Conquest Ind 1 torn rovoroejpm. 

STOCK SPLIT 
Concents Direct 2 for 1 spilt. 

INCREASED 
Fst Southern Bcd 
N attorned Health 
EXTRA 
AHen Organ a 

INITIAL 

Mussbunk Carp n 

REGULAR 


.13 1-13 
375 11-10 


- 33 IMS 12-2 


_ .16 11-4 IMS 


Allen Organ B 
Am Indemnity 
Anodorfco Petrol 
Apple South 
Bncp Hawaii 
imCcm 

Income 

iTrRItv 
Ind 
Prao 
JlyFfti 

^ .. Mum inco 
Empire District 
Eskimo Pie 
First Colony 
Georgia Pacific 
iv ax carp 
Jastens Inc 
LevtsKwtaPoc 
Maono Bncp 
Merchant. Grp 
Michael Foods 
Nth Side Svss Bk 
Patriot Sel Dhf 
boiamac El 
Raoseved Rn 
SFFed Cora 
SPXCora 
Sthn Fin Fed 
Sfxm-AmMed 
Union Planters 
Untvor Carp 
Universal Mtg 


O .13 11-18 12-2 

O 36 11-9 11-15 

Q JW3 12-14 12-28 

Q Ms 11-15 1140 

Q J6 11-21 12-U 

Q AS 11-11 11-25 

a -10 11-8 11-21 

O 04 1-6 1-20 

O JM ll-W 12-1 

a .43 11-7 11-14 

a .17 11-9 11-23 

M JSM 11-11 I1-2B 

Q Jn 12-1 12-15 

Q m 12-16 1-5 

O M 13-15 

Q M 11-15 

Q 33 IMS 


32 11-15 
11-17 


-125 


1-1 
12-5 
12-1 
12-1 
72-1 

= 11-7 11-21 

a -as u-io »-i 

S IS 11-7 11-21 
.125 11-6 12-2 
M .1031 11-10 11-20 
a A15 11-29 12-30 

a .11 n-is n-M 

O 87 11-15 12-1 
Q .10 11-16 124 
Q 36 11-HJ 11-17 
Q JU5 IMS TW 
Q 23 11-7 11-18 
Q 375 11-14 12-6 
Q .15 11-4 11-18 

a-amual; g-payaMe in C aaodl cn fends; m- 

amfWrr mhi he It : s-cemKmmMi 


TO OUR REAPERS IN EERUN 

You cun now receive llie IHT hand delivered to your 
home or office every morning on the day of publicafem. 

Just call us toll free at 01 30 84 85 65 


OPEL: East German Car Factary Becomes CATs Model of Efficiency 


Continued from Page II 

built an ungainly East German 
excuse for a luxury car called 
the Wartburg, in a fabulously 
inefficient plant. While 9,500 
workers made about 240 Wart- 
burgs a day, at GlVTs factory 
1,840 workers make as many as 
660 Corsas and Astras ; — both 
small cars — a dayi 
But Opel's approach is even 
more efficient because each 
worker can focus on performing 
a few tasks well. 


GM says Eisenach's workers 
assemble a car in less than 20 
hours, more than 20 percent 
faster than workers at the aver- 
age Opel factory and faster than 
at GNTs most efficient North 
American car plant, the Cava- 
lier plant in Lordstown, Ohio. 

In 1991, GM invested 1 bil- 
lion Deutsche marks (5662 mil- . 
lion) in Eisenach. 

When a company tries to 
abandon mass production, in- 
stalling more flexible equipment 


and switching to just-in-time de- 
livery of parts can be far easier 
than' changing the habits of line 
workers and midlevel managers. 

Mr. Wiedenroth. the final as- 
sembly manager, tried to put 
leaner systems in place when he 
worked in Western Germany at 
Opel's factory in Russelsheim. 
with 26,730 workers. 

One difficulty was that at 
Rfisselsheim, workers on one 
shift spoke as many as 19 lan- 
guages. At Eisenach, 98 percent 


of the workers are East Ger- 
mans, and all speak German. 

An even greater difference, 
he said, was workers’ attitudes 
workers in Western Germany, 
which made an ironic contrast 
with the newborn capitalists of 
the East 

At Eisenach, “profit is not a 
dirty word, like in some old 
factories he said. “They un- 
derstand that profit is necessary 
to pay people.” 


U.S./AT THE CLOSE 

Thomson Buys Data Sector 
Of Ziff Communications 

Caviled by Our Staff From Dispatches 

NEW YORK —Thomson Corp., a Canadian media company 
known for its ownership of The Globe and Mail in Toronto. said 
Monday dtat it would buy Ziff Communication Co.'s collection of 
business, legal and general information data bases for $465 

million. ,, . 

The division, called Information Access Co., provides indexes, 
abstracts and full texts from periodicals. The data bases provide 
information from trade and industry publications, general interest 
periodicals and legal* military and aerospace publications among 
others. 

The transaction is expected to close before the end of the year. 
Thomson said. 

Ziff has spent the past few months offering its units for sale. 
Information Access is the second of four pieces of Ziff to be sold 
in less than a week. The biggest chunk. Ziff-Davis Publishing Co.. 
fetched $1.4 billion from Forstmann Little & Co. on Thursday. 

(NYT, Bloomberg, AFX) 

Phone Companies Join TV Venture 

LOS ANGELES (AP) — Three regional telephone companies 
said Monday that they had teamed up with the Hollywood agent 
Michael Ovitz to produce television shows and interactive enter- 
tainment, then deliver them over telephone lines. 

The system, developed by Mr. Ovitz’s Creative Artists Agency. 
Bell Atlantic Corp., Nynex Corp. and Pacific Telesis Group Inc.. 
is expected to begin operations in Lhe second half of 199S. 

Time Warner Names New President 

NEW YORK (AP) — Time Warner Inc. on Monday named 
Richard Parsons, a banking executive and a member of the Time 
Warner board for four years, as president of the media and 
entertainment conglomerate. , 

Mr. Parsons assumes a title that Tune Warner’s chairman and 
chief executive, Gerald Levin, has held since early 1992. The 
appointment is effective Feb. 1. 

Mr. Parsons is currently chairman and chief executive of Dime 
Bank Corp., a $10 billion thrift that has agreed to a merger with 
Anchor Savings Bank in a deal that would creaLe the fourth- 
largest U.S. savings bank. 

U.S. Tries to Block BAT Acquisition 

NEW YORK (Combined Dispatches) — The Federal Trade 
Commission on Monday sued to block BAT Industries PLCs 
proposed $i billion acquisition of American Tobacco Co., a 
subsidiary of American Brands Inc., calling the purchase a viola- 
tion of U.S. antitrust laws. 

In a suit filed in Manhattan federal court, the federal agency- 
said the U.S. cigarette industry was already heavily concentrated 
and asked a judge to block the acquisition. Lawyers from both 
sides were waiting in federal court to see if an emergency hearing 
would be held Monday. (Bloomberg Reuters) 


FortheRecord 

The U.S. Commerce Department said Americans* income rose 
0.6 percent in September, the eighth consecutive increase and the 
largest one in five months. (AP) 

Union Pacific Corp. sweetened its bid for Santa Fe Pacific Corp. 
to $3.74 billion, exceeding a revised bid of $3.2 billion that 
Burtington Northern Inc. made last week. (N YT, AP) 


W ookon d Boat Office - 

The .issoaaied Press 

LOS ANGELES — “Stargate” dominated the U. S. box office 
with a gross of $16.8 million over the weekend. Following are the 
Top 10 moneymakers, based cm Friday ticket sales and estimated *’ 
sales for Saturday and Sunday. 


1. -Stargote” 

IMetm-GotoHvn-Moyarl 

8160 million 


i-Ttoto Fid tori" 

(Miramax} 

*55 million 


X -The Special 1st* 

(Warner Brothers! 

$* million 


4. “Love AOo Or' 

(Warner Brothers! 

S30 mlf/ion 


X "The River WlkT 

( Universal) 

OJ million 

r' 

a “The Road to weitvllie- 

(CotumMlI 

S2J million 

1 

7. "Little Giants" 

(Warner Brothers! 

S2j million 


x "w« Crave+Ts Now Ntohtmare- 

(New Una CJnemoi 

82 million 


9, -Forrest Gump" 

f Paramount I 

5105 million 


10 The 5hawsfnnk Redemption- 

(ColumUal 

51 5S million 



WORLD STOCK MARKETS 


Agenec Franc hew Oar. 31 
CIM. Prav. 


Amsterdam 

A8N Amro Hid 59.90 S9JD 
ACF Holding 36-30 34ia 
Aegon 104.10 lWi» 

Ana M I9M 49.10 

Akzo Nobd 213-90 207 JO 
AMEV 70.10 70*0 

BatvWasonen 3X10 3X70 
CSM 69J0 6850 

DSM 146 147.2® 

Elsevier 17.20 17.10 

Fak ¥er 1530 ISM 

Gl&l-Brooad« tija um 
HBG 284.59 279 JO 

Hdneken 24450 245 

Hoouovens 78jW 7640 

Hunter Douglas 74 jo 7150 
IHCCalond 4230 4130 
Inter Mueller 
inn Nederland 
KLM 


92*5 *ZS 

78.90 78.10 
449i 4470 
-Wjffl SB 
53JD 53 
S450 55.10 

74.90 74*0 
45 M 4430 
5500 54.10 

75 743S 
11X50 11X40 
51 51 JO 
11420 11430 
82 82 
19420 1*420 
45Jn 4S.40 
200.70 1W.90 
4420 4540 

180 177 

Khmer 121.90 12150 
EOE Index : 41241 
Previous : 40935 


KNP BT 
KPN 
NcdUovd 
OceGrinten 
Pahhoed 
PHIIIps 
Polygram 
Rofaeco 
Rodamco 
Roiinco 
Ronmta 
Royal Dutch 
Start 
Unilever 
vanOtnmeren 
VNU 

Walters/ F 


Brussels 


Aiiraiii 

Artted 

Barca 

BBL 

Bekoert 

CBR 

CMS 

CUP 

Cockertll 

Catena 

CoJrwf 

DdhCdn 

Elect ratel 

Ele ct ! ufln o 

Fonts AG 

GIB 

GBL 

Gevaert 

G/nvwUel 

Immabel 

Kredhrttmh 

Masane 
Petroflna 
Pawerfln 
RecMcel 
Rovalc Beige 
Sac Gen Banoue 


7360 7360 

5000 5010 

3410 241S 
4185 41 BO 

2590 2575 

1940 1930 

194 195 

5320 5360 
7110 7130 
1242 1246 
5SM 5500 
2850 2900 
24B5 2400 
1208 1210 

3870 3160 

9030 B7M 

4590 4490 
2000 2793 
6120 6160 
1374 1372 
*530 *4*0 

2810 aoo 

478 480 

4630 4580 

7510 7J00 

:Gen Befglaue 2160 2140 
12*75 12*00 


Solvav 

Tessenderlo 

Troctehel 

UCE 

union Mlnlera 
WOgans LI Is 


15350 15250 

9850 *85® 

9690 *700 
23900 23825 
7740 2730 
6480 6480 




Frankfurt 

AEG 15515050 

Alcatel SEL 2*0 284 
Allianz HOW 2307 2255 
Altana 642 627 

Ajfco 810 819 

BASF liag 315 

Boyer 351.90 347 

Bov. HyflO bar* 396 392 

Bay Vorelns&k 44X50 <36 
BBC 676 675 

BhF Bonk 39X50 3*0 

BMW 775 760 

Commerzbank 31AJ0 313 

Continental 221J0219JO 

Daimler Benz 773 756 

Duma 452 445 

OI Babcock 22X2022X80 

Deutsche Bank 741 723 
Douglas 489 480 

Dresdner Bank 402J03te£> 
FeUnwehle X0M 305 
F Knmp Hoeseh 195 192 


Ha ro ener 

H«tkH 

Hoctitiet 

taada 

Hoizmann 

Horten 

IWJCA 

Koiisalz 

Karstattt 
Kaulhol 
XHQ 


32030 NA 

590 596 

*22 940 

329 JO 324 
823 820 

207206 JO 
337 347 
157 JO 151 
631 615 
510 504 

T25J9IZUO 


Kloecfcner Work* 136 136 


Unde 
Urtinansa 
MAN 

{fimnesmann 

JJeHUtaMii 

EK*" 0 " 

Rwe 


899 JO 884 
1B61B7J0 
407 JO 402 
40340050 
1 57 JO 151 
2770 2745 
642 635 

44050 441 

233 235 

46145X40 


RtMHnmctall 

Scherlno 

Siemens 

Tlwssen 

Varto 

Veba 

VEW 

vSkswauen 
welia 
DAX index 


Ooh Prev. 

Z76 362 

1004 99S 
628J0617J0 
287 JO 28751 

318 316 

50450050 
37* 378 
47346050 
44 1 30 437 JO 

1005 993 
387X63 


Helsinki 


Amer-Yhtyina 
Emo-Gutzrlt 
Huntamaki 
KX1P. 
Kymmene 
Metro 
Nokia 
Pohtato 
Repaid 
Stockmann 


111 109 

40.90 41 

147 145 

839 S3 
126 120 
156 154 

6W 700 
74 69 

9630 95 

252 255 


hex General index : I9M 
Previous : 1*5X7* 


Hong Kong 

Bk East Asia 33 j» 32.90 
Caihay Pacific 11,40 11 JO 
Cheung Kang 37 jo 3*40 
Chino Light Pwr 4030 3930 
Dalrv Farm InIT 10JJ5 9.*5 
Hang Lung Dev 1X95 1X65 
Hang Seng Bank 56 S5J5 
Henderson Land 5030 49.10 
HK Air Eng. 3X50 3130 
HKOllnoGas 1435 14.05 
HK Eledric 2430 2X40 
HK Land 19-80 19.25 

HK Really Trusl I8A5 1X15 
HSBC Holdings *1 JS 90 
HK Sharra Hfls 1090 I0>15 
HK Telecomm 1635 1X75 
HK Ferry 1&80 iojO 

Hutch Whampoa 3570 3 
Hyson Dev Wjm 19.95 
JardlneMalh. *425 4230 
Jardine Sir Hkl 29 JO »js 
K owloon Motor 1X10 15 

Mandarin Orient ia» *.« 
Miramar Hotel 19.40 19 

New World Dev 24.70 24 

SHK Proas 59 5725 

5Wux xjo xn 

Swire Pot A 5* 56J5 

Tai Cheung Pros nuo 10.10 
TVE 6.15 4.15 

22?°^ tIS 111 39JB 

wneetackco i*jo i*js 
W ing On Co Inti 10.30 10J0 
Winsar Ind. IX2S 1(01 


Johannesburg 


AECI 
Altech 
Anglo Amer 
BarKws 
Blyvpgr 
Bufleb 
De Beers 
Drietontem 
Gencor 
GFSA 
Hormany 
Hlativeld steel 
Ktoof 

NedbankGrs 
Randtonietn 
Ruspkrf 
Sa Brews 
SI Helena 
Saso< 

Western Dees 


2730 2730 
110 1» 
2373023830 
32.75 3X75 

u 1 ! 

51 50 

10010QJS 
66 6675 
I4LB5 1435 
126 125 

4148 4130 
32 32 

HP JO 6 975 
3275 3375 
« 4X58 
116 116 
M 9150 
49 NA. 


London 


AUbevNat'l 
Allied Lyons 
Aria Wiggins 
Argyll Group 
As Brit - 
BAA 
BAe 

Bank Scotland 105 
Barclays 


4.16 470 

53? 5.93 


248 269 

2A1 241 

I Foods 534 531 
MS XI 3 
439 


204 
50? 501 


BAT 

BET 

Blue Circle 
HOC Group 
Bools 
Sowoter 
BP 

Brit Alrwovs 
Bril Gas 
Brli Steel 
Brit Telecom 
BTft 

Coble Wire 


535 

438 


533 

440 


l.» 106 

ZM 279 
673 601 

X30 SJ0 
430 445 

435 4L29 

132 335 

233 232 


100 

134 

307 


100 

309 

XU 


Cadbury Sch 
Ca radon 
Coats vi reiki 
Comm Unton 
Court aulds 
ECC Group 
Enterprise Oil 
Eurotunnel 

Fane 

GEC 

GenlAcc 

Glaxo 

Grand Met 

GRE 

Guinness 

GU5 

Hanson 

Hlllsdawn 

HSBC Hldgs 

ICl 

Inchcape 

Klngffsher 

UHtaroke 

Land Sec 

Luuorte 

Lasmo 

Lego 1 Gen Grp 
Lloyds Bonk 
Marks Sp 
MEPC 
NerfT Power 
Naiwesi 
Nitiwst Water 
Pearson 
PiO 
PI Iking ton 
PowerGen 
PrutteiHol 
Rank Ora 
Red. I It Col 
RBdkmd 
Reed Inti 
Reuters 
PMC Group 
Rolls Raves 
Rathmn (unit) 
Roral Scot 
RTZ 

Salnsbury 
Seal Newcos 
Scat Power 
Sears 

Severn Trent 

Shell 

SW» 

Smith Nephew 
Smith Kline B 
Smith tWH) 
Sun Alliance 
Tate X Lyle 
Tosco 
Thorn EMI 
Tomkins 
TSB Group 
Unilever 
Ufd Biscuits 
Vodatone 
War Loan 3W 
Wellcome 
Whitbread 
WiinamsHdos 
WNNsCeiTDan 

ft n 


CIom Prev 

<35 

<41 

204 

20/ 

1-97 

154 

50V 

506 

<46 

O 

303 

iS. 

306 

3» 

ZJ7 

2J5 

1.16 

1.16 

200 

127 

2J6 

271 

506 

5J2 

XW 

X9t 

<15 

<11 

153 

UN 

40/ 

<6J 

500 

557 

231 

2JI 

108 

172 

7J8 

771 

7.99 

7.94 


<36 


472 


153 


609 


LtS 

150 

104 

404 

406 

X/4 

50/ 

4.13 

417 

<25 

<32 

<96 

<89 

503 

X0I 

X65 

500 

634 

637 

636 

635 

1.93 

1.91 

508 

55/ 

AIV 

3.92 

405 

402 

507 

507 

<66 

473 

752 


ABO 

<77 

908 

90/ 

174 

174 

4.15 

<15 

<38 

436 

800 


359 

4 

XI7 

XI6 

300 

155 

107 

I0M 

575 

557 

133 

/JO 

536 

531 

103 

104 

407 

404 

404 

400 

330 

337 



235 

2J4 

977 

974 

110 

209 

E ±iM 

2.18 

11 JS 


306 

302 

111 




6J7 

639 

571 

558 

306 

305 

105 

104 


U W97A8 


Madrid 

BBV 3290 32X5 

iCentralHtoB. SOW 3010 
— Sant an der 50*0 5140 
BM 858 




Milan 

AHoanra 
Assitoiia 

Autostrade prlv 1693 1670 
BeoAsricoHwnj WO m 

Boa Com mer Ital 3Se$ 3475 
BcaNarunrora l2ftKt 12005 
Bca Pea Novara 8400 soao 
Banco 01 Romo 7640 IMS 
Bca Ambroslana 52S0 4780 
Bco Naaan rtso 108/ 1098 
Benetton 2ai00 2D«n 
Credits JtoUam 763} 7600 
Eidchem Aug 3220 3290 
Ferfln 1295 ran 

Fiat spa am 6225 

Flnonz AgratnU 9810 9740 
Finmeccanica rm 1200 
Fondtarla sea 
Generali Assie 
IFIL 


16075 16000 
11320 114B 


11750 115 


Itatomenti 

HaEsos 

Madtabanca 

ManfwNsan 

Olivetti 

Pirelli sue 

RAE 


i«ifB 

1BW12OT 

1261 1250 
1840 18S» 


Rlnascenle 

San Poole Torino 

Sip 

SMC 

Snla bpd 

Stando 

Stef 

Tara Ask: 


Cloee Prev. 

8245 8300 
9130 9055 
4220 4190 
3915 3900 
1932 1919 
32250 35800 
4650 4620 
23400 23350 
10192 


Montreal 

Atco Ltd 1 13ta 13ta 

Bank Montreal 25W 2516 
!E Mobile Cam 4)ta 419* 
lita ill* 
24 Vj 24»fc 
7ta BM 
17*1 17V, 
18V. 18 

129* 12H 
2D 28 
14 139* 


Cdn Tiro A 
CcbiLtttl A 
Cascades 
Crown* Inc 
CT FHfl 5 vc 
Gaz Metro 
Gt West Ule«o 
Hoos Inti BCO 
Hudson's Bay Co 269* MVS 
Imasco Ltd 39% 39% 
liwestorsGrpInc 16% 14 

Lobatl (JsHn) 20% 20% 
Lob law cos 21 20% 

Motson A 21% 21% 

Natl 8k Canada 
Oshawa a 




9% 

19% 


Panaki Petroim av, 41% 


Power 
Power FlnT 
OuebecarB _ 
Rogers Comm B 19% 19% 
Huvol BkCda 28% 28% 
Sears Canada Inc 8% 

5tMll Cda A 
Southam Inc 
StelcaA 
Trllan FTn'l A 


18% 18% 
28% 28% 
16% 15% 


. . 8% 

43 44% 
15% 15 

9 9% 
19Q 190 




: 7929 JS 


To Oar Readers 

The Paris stock 
market was closed 
Monday for a holi- 
day. 


Sao Paulo 


Banco do BraMI 


Bradesao 

Brahma 

Cemlg 

Eletrabras 

llaubanat 

Light 

Paranopanema 
Petrobros 
Sauza Cruz 

Telebras 

Telesp 
U dmi nos 
Vale RJoDoce 

Varto 


17 1630 
800 *-20 
7.90 700 
297 295 

86 69 

323 331 
271 265 

388329.99 
1181 1200 
IX 135 
B 741 
4070 43 

m 435 
109 144 
18318*50 
21521701 


Bovesna todek ; 47*79 
Previous : ensri 


Singapore 

AUo Foe Brow 77 
Cerefan 800 BAD 

Olv Devetapmnl 105 040 
Cycle & carriage 1X50 1UQ 
DBS Z7.T0 1190, 

DBS Land 115 5.10' 

FE Levlngstan 775 705 
Frasar&Neave 1700 1730 
Gl Eastn LHe 29.10 2830 
Hong Leong Pin <54 <53 
incnaapp 5 as 530 

Jurang Shipyard 1120 1320 
KayHfan JCbpef 1.94 104 
Keawi 1330 13 

Nahded 126 124 

TtaPtuneOrienl 119 121 
OCBC foreign 1900 1S» 
O^eas Union Bk 735 7 JO 
O-seas Union Ent 900 925 
Sembawang 1100 1130 
Slmo Singapore 1.18 L18 
Sing Aerospace 221 223 
Sing AlrilMS tern K10 13J0 
Sing Bus Svc *20 925 
Stag Lana 90s VM 

Sing Pettm lai is? 

Stao Priea tarn 26.90 2600 

StaoShtobWo 243 165 


CIom Prev, 

Stag Telecomm 120 120 

Straits SI cam 5J3 5J0 

Straits Trad bto 198 X92 

Tai Lee Bank <72 N-A. 

Uld Industrial 132 NA 

Utd □'sea Bk tarn 16.10 1530 

Ufd O'Seal Land 108 106 


Stockholm 

AGA 6930 67 

A9ea AF 523 517 

Astra AF HW30 189 

Altos Copco 9830 96 

Electrolux B SKLW 372 

Ericsson 43730 438 

Esseite-A 99 96 

HanOelsbanK BF 9330 VXX 

Investor BF 
Norsk Hydra __ 

Pharmacia A F 
Sandv Ik B 
5CA-A 

S-E Banken AF 
SkomflaF 
Skanska BP 
SKF8F 
Stora AF 
Trelleboro BF 
Volvo BF 



Amcor 
ANZ 
BHP 
Boral 

Bougainville 
Coles Mver 
Comal co 
CRA 
CSR 

Faster* Brew 
Goodman FWd 
ICl Australia 
Magellan 
MIM 

Mol Aust Bank 
News Cora 
Nine Network 
H Broken Hill 
Foe Dunlop 
Pio ne er Inti 
Nnrndy Posddo 
act Resources 


TNT 

Western Mining 
. -ftaoc Banking 
WoodsJde 


Sydney 

836 907 
190 176 
2044 2030 
139 12S 
0.95 035 
<18 <11 
525 5.70 
19.16 1801 
<69 <SJ 
1.19 1.18 

127 128 

1100 mo 

105 105 
193 207 
1064 1034 
830 825 
<a» 4 

177 149 

<09 <05 
125 125 
Z42 2J5 
137 US 
196 190 
141 2J4 

839 &35 





Tokyo 

Akol Electr 
Ascftf CNemlod 
Asahl Glass 
BankolTekva 
Bridaeslane 
Canon 

Casio _ _ 

Dal Nippon Print 1800 1790 
Oafwa House 1340 I3M 
Daim Sea/tlim MW JOT 
Fanuc 4700 45OT 

Full Bank 2150 M 

Full Photo 2310 2M 
FulHsu II W 10*0 

Hitachi 1810 994 

Hitachi Cable .848 827 

Honda 1690 16M 

Ito Yokada ssn S2C8 
Itochu 754 741 

Japan Airlines TSffl J30 
Ka|bna VSO 90 

Kama Power 2440 Zflo 
Kawasaki Steel .454 .444 
Kirin Brewery 1160 1158 
Komatsu 920 914 

Kubota 744 734 

Kyocera 7380 726? 

MotSU Elec Ind9 1610 1590 
Matsu Elec WkS 1070 1060 
Mitsubishi Bk 2438 2390 
Mitsui Chemical 572 556 
Mitsubishi Elec 72 7» 
Mitsubishi Kev 789 775 

Mitsubishi Gorp 1328 1290 
Mitsui and Co 870 B7 
Mitsui Marine 735 734 
MJHukoahi 993 990 

Mitsumi 1430 1»0 

NEC 1240 12S 

NGK Insulators 1020 WHO 
NIMoSeCurlNM 1140 11» 
Nippon Kooaku Ml 1018 
Nippon Oil 700 6*4 

Nippon Sled 400 3M 
Nippon Yuoen 658 647 

Nissan .827 04 

Nomura Sk JgSJSS 

NTT 9050a 8?00g 

otvmpus Optfari 1WD 1100 

”S10 


Pioneer 
Ricoh 

Hm ChX 


1870 17 


Shknozu _ 

Shlno isuChetn 
Sorry 

Sumhamo Sk 
Sumitomo Qwm 
Suml Marine 
Sumitomo Metal 
TataefCoro 
Takedo Chern 
TDK 
Tellln 

Tokyo Marine 
Tokyo Elec Pw 
Tartpon Printing 
Taravlnd. 
Toshiba 
Toyota 

YamaicM Sec 
ass m 

Prertow 5 : 1*BM° 


■HtU 


Clow Prev. 
712 Tin 
2060 7050 
5910 5830 
1820 1790 
568 
. . 870 

367 361 
649 641 

1200- 1190 
4760 4740 
574 561 

TtSO 1150 
2840 2810 
1430 1430 
765 761 

764 767 

2140 2000 
768 746 


Toronto 

AbUlbt Price 10% 18% 
Air Canada 8% O'* 

Alberta Energy 20Vr 
Alcan Aluminum 36K> 36V. 
Amer Barrie* 32% 31% 
A verier 

Bk Nava Scotia 
BCE 


26% 26% 
27V4 27% 
47V. 47% 
75 25% 
22to 22V, 
3M 300 
21 20V, 
29% 2914 
32 31% 


BC Telecomm 
Bambardlar B 
Bromatea 
Brascan A 
Cameco 

C1BC . . 

Cdn Natural Res 18% 18% 
Cdn Ocdd Pet 32% 32% 
Cdn Pacific 31% 21% 
Cascades Paper 6 6 

ComtncD 25% 254. 

Consumers Gas 17% 16% 

Do Iosco 1*% l?'A 

Daman tad B 11% 13 

Du Pont Cda A 18% IB 16 
Echo Bay Mines 1e% 16% 
Empire Co. a 14 13% 
FalOonbrWar 23% 2346 
Fletcher Chall A 17% 17% 
Franca Nevada Bn*. 81% 
Guardian Cap A B% KA. 
Hernia Gold 14% 14% 
Horsham 3 21% 

imperial Oil 48% 47% 
Inca m. 40% 

1 PL Energy 29 29 

LnkOow A 10% 10% 

LoWtawB 10% 10% 

Laewen Group 33% 33 

London insurGP 23% 23% 
Macmlfl Btoedef 19 18% 
Magna Inti A <7% 4B 
Made Lent Fds 11% 11 

Moore 34% 25(4 

Newbridpe Netw 37% 3*% 
Noraida Inc 36% 26% 
Naranda Forest 11% 11% 
Moreen Energy 17% 17% 
Nthern Telecom 48% 48% 
Nava 13% TW 

One* 14% 13% 

Petra Canada 12% 12% 
Placer Dame 29b 2*% 
Potash Cora Saak 47% 47 

Provtoo 5% s% 

PWA 000 061 

Quebecor Print 14 14 

Rena is s a nce Eny 31% 31% 


RIa Atoom 
Seagram Ca 
Stone Coraaid 
ToUsman Env 
Teiealabe 
Telus 
Thomson 

Tor Dorn Bonk 

Tratnaito 
TraitsCdoPipo 
UM Dominion 
Utd Westburne 
we st coo st env 
Weston 

Xtrw Canada B 


25% 26 

41% 41% 
16% 16% 
28% 29% 
16% 16% 
16% 16% 
16% 16% 
20 % 20 % 
14% 14% 
17% 17% 
28% 28V. 

11 % im 

22 U. 21% 

40% 40% 
46% 47 


ESfiiM*"* 


Zurich 

AdJD Inti B 


AhrMiM B new. 623 
BBC B 


253 230 


: Brest Bov B 1078 1 


OfeaGefevB 
CS HoWtogs B 
EtoktrowB 
Fischer B 
intortmoBunt 8 
JeimaiiB 
Landis Gvr R 
MoevermtckB 
NrtHefi 

Oerint Bucfirte R 
Paraesa Hid B 
Roche Hdg PC 
Scdra Republic 

smfezB _ 

Schlnefler S 
Suiter PC 
Surrellkmce B 
SwtaBnk CaroB 
Swt»8 Reinsur R 
Swissair R 
UBS B 

Winterthur b 
Z urich AsiB 


815 


741 737 

549 54) 
340 337 
1450 1430 
1940 1940 

tss m 

MO *75 
390 395 
1174 1154 
IX 129 
1440 1390 
ssn 5480 
100 100 
655 654 

6750 6650 
865 860 
1800 1680 
382 364 
745 737 

054 B30 

1177 1200 
638 634 
1130 NA 


U.S. FUTURES 


Via Associated Frau 


Oa. 31 


Season Season 
High Low 


Open NU LOW dose do OaJm 


Grains 

WHEAT (CBOT) SAtoBunwwninkdoliwiDwMnM 
<m 3JJ9 Dec 94 190 191% XM 304% -007 3B,H9 

*26« 3J7 Mar 95 600 <01 'k 194 'A 195 -006’* 24.715 

198% X16%Moy95 178% 17*% X74% 174^.-004% 4J» 
143% 111 Jul*5 150 1S0% 146 146% -004% 1X1 ZO 

1*5 151% Sen *S X53<y 333% 331 331 -003% 258 

175 155 Dac*5 101* 341% 341% 341% -004 146 

334% 13* Jul 96 13*%— 004% 6 

EsI.HSes NJL Fn-*.SC4K 19073 
Fri'sopenirt 77J70 oil 1W2 
WHEAT (KBOT) iOTBuirwwiWT>-ilo*iir*iwr*uil>»l 
LTSU l!7%Oec« X9*% 401% X93% 1« -O0»% HOT 
A.JP/. 12S Mor9S 601% 40? 196 196%-O06% K23* 

<01 151% May 94 140 XB2 17BV; 3.S8 -001% 10W 

348 6 116% All 95 33H4 235% 250% 1SO%-O04% X75B 

XT/ 12 9 Sea 95 333% 333% XD% 2^%-aTOJ* 79 

L6S% 3. 63 % Dec 95 240%— 002% 4 

Est. sales NA Fri'S.vAes 7.579 
FfTsaoenim 38348 aH 538 
CORN fCBOTJ Umtwmkwiwrn-OBloniwbudHl 
177 2.11% Dec *4 Xt(% 116% 115% 2.15% — 0JTI 1170*5 

2JDV. X23%Mar95 2J7% UB 136% 126*4.-0.01% 61.154 

205 2J0%May95 2J5V4. 2J5% 2J4% 2J4fc_affl 36806 

2JF6A495 241 141% 200% X40%-4UI1 31.922 

270% 2JV SCO 96 205% 204% 2.4S 1 . 20SS-OJ4P4 2766 

243 235% Dec 95 2iB 231 230 2JO%-OQOV. 13452 

2.59 2Jffl%M0T96 237% 2J7V. 236% 236% -001 W3 

246% 235% Jul 96 164 204 244 244 -0J»% 492 

Est. sales KA. Fd's.scdes 34069 
FiTsooenW 252097 rfl 85 

SOYBEANS (CBOT) umwikrMwn-wraiwBM 

737% 506%rtov*4 S05 544*4 S*1% 602%-aO4% 2M12 

704 X37%Jan9S X57 538% SSI 534 -d 0flt 5*00 

745 547% Mar 95 546 546% 543% S44 —04*% 26063 

705% 536 A/Wjv* 5 5.76% 577 171% 572% -ODS'i 11421 

706% 543% All 95 503% 503% X77% 5.7* -005 2075* 

6.13 X66%4ug95 505 5J»6 50M* 1027 

615 571 Sep *5 547% 547% 543V. X84%— 003% 537 

630% 578%NQv *3 194% 3*5% X91V< XT1%-006. 1AB> 

407% 600 Jan 94 600 600 600 600 -003% 1« 

<21 J.fmA4W *.!)%— R04 16 27 

Eil.sNflS MA. Fri's. tales 66IB3 
Frrsopenim i«s.ii4 up 1126 


SOYBEAN MEAL (CBOT) iooiani-«*naCTMn 
2W.D0 141X00 D6C 94 14010 16100 14010 l«40 

20730 16170 JQn 95 16140 16200 16100 16270 

20730 1(4.90 Mar 95 16S40 16600 16X9 16540 

707.00 14740 May *5 I6B40 120.10 1ML80 1*970 

204.00 1 7070 All 9S I73J0 17400 17300 17130 

1B240 17200 Aug 95 174 00 1 7540 17680 175.10 

1B2J0 173J0SW95 176JD 17770 176JO 17640 

181 00 I7S40OCI9S 17900 17900 17870 17B40 

18400 17630 Dec 95 181.00 18100 18100 18100 

Am 96 _ fflJO 

EsLsdU NA Fri's. soles 27.976 
Fri's open Int 100062 jb 5191 
SOYBEAN OIL (CB0T1 M4BB»-4Nnw «4P». 
2R47 2209 Dec 9* 2608 3*0B 2XJ7 254# 

2835 2245 Jdn 95 2SJ7 25J7 76*5 26® 

2BJ0 22.71 Mw 95 2600 KBS K20 KM 

2805 2245 May 95 9*02 K42 23.90 2*05 

2705 22J4JUI95 2(70 M7D 2375 2303 

2778 2273 Aoo 95 2605 2<I0 2X70 2300 

2475 2275 Sop 95 2400 2405 2342 2345 

2425 22760cS95 21*0 2X90 2343 1X58 

24J7 22.80 Dec 95 2140 2X60 2140 2340 

2X75 3X75 Jon 96 2135 

Est. SCAB NA Fri's- rates VMM 

Fri's Open M 95029 UP 2701 


+0170 4X973 
*040 18.104 
*XW 15049 
•020 0429 
U. STB 
*030 1703 
+840 1757 
♦ 030 2.5*7 
*030 999 

-030 ? 


—009 3904* 
-070 16041 
-041 1X297 
-035 12000 
—035 6840 
-030 >Y«J 
-039 1444 
-047 1035 
—O0S 1019 
—045 I 


Livestock 


CATTLE ICB4EH) <un>Pv- 
7630 47 70 Dec 94 ».90 7010 

7625 4645FCOK 4045 JAW 

7110 6777 Apr 95 8940 ».W 

Afljo 44JDJun9S 6X87 6607 

0.10 6340 AuQ *5 6173 6601 

6735 66200095 

4635 4635 CMC 95 

ESI. soles 1U75 Fri's. SOiK 1X937 
Fri's 0 PW1 ini 69058 ^ n _ 

FEEDER CATTLE ICMER) 50400 


£935 

4067 

6905 

6570 

4665 


7000 

4945 

69.90 

65.97 

66*7 

6X65 

4655 


+ 005 30075 
.014 na 
rX3l 12,908 
+007 4J13 

2 


+000 

♦ 015 


BXOO 71J5Nev94 2X25 7505 

8095 71 40 Jan *5 7695 7X47 

■025 7035Mar« 73.17 7370 

7690 JO.10 Apr 95 7235 72 aS 

7630 6900 May 95 71 J7 7X17 

7X05 6940AU095 7200 7X30 

7125 6900 Sep 96 7125 ,7140 

E*L sales 1.743 Fri's. Hfes 1.223 
FrPsoPwW 1.5M an 142 
HOGS (CMER) 40400 la.- ctmiMre+ 
5030 3200 Dec 94 3X30 3545 

9UD 3545 FeC *5 37.99 38.15 

4800 34.10 Are *5 37.95 3800 

4730 4137 Jm 95 42.90 4200 

4100 Jul 95 4200 4200 

4300 41.15 Auo 95 <205 42.15 

4030 38300093 3X90 3X95 

41 JS 3700 Dm 95 «L10 40.10 

4200 43.00 FbO 96 

Est. scrim 53» FrPtuteo 7.914 
Frit open Ir* XLSIS an 12*0 
FORKBSJJES IOAEB1 60Mt-c 
COJOS 37 ^3 Feb *5 <i05 42.T7 

60M 37 Jl Mar 95 <370 4100 

6t,l$ 3X95 Mov 95 4X25 44.10 

5400 3905 Jul 95 44)0 4400 

4400 3875 Aug *5 

Est. vries HM Fri'xsam <CT 
Fri's open Irt 10,771 up 22 


7X07 
7<» 
7X10 
72J2 
7100 
71.90 
71 JS 


3400 

3708 

3705 

4235 

4230 

41Jff 

3X90 

V.90 


;rek 

7500 

7SA2 

7X65 

77-SI 
72.17 
7240 
71 AO 


3577 

17.95 

S777 

42.90 

42.80 

All 

3X95 

3905 

4145 


+073 3497 
+070 2.270 
+041 917 

.(UJ 544 

+ 047 B5 
+0.40 115 

♦ 0.15 1* 


-0.13 T7JM 
—ton LiM 
— 0JD <57J 
-Olio 2.111 
-Otf 596 
-aos 371 
— fl!5 318 
-415 W 

—005 1 


4100 

<205 

4X2$ 


<007 

4275 

4405 

«75 

4195 


+042 8719 
+040 17» 
+0.40 212 

+031 319 

+045 74 


Food 

COFFEE C (NCSEI J7JMt»,-waBwft,. 
24425 77.10DK9' ‘ 

24400 
24440 
24X10 
23800 
2000 
70200 


BDecW U60O 167.90 M5.10 187.40 
78.90 Mar *5 190.40 19273 190.10 1«1S 
8230 May 95 19330 194.75 19300 19175 
0X12) Jul 95 19X7$ 19X75 19XW 19X50 
IIX50Sep9l 19725 197JS 19X00 19X40 
81 UDec9S 19175 1977$ 1H75 19(75 

1970OMOT96 19X30 

Etf.WttS 1**J Fri's. kAm <2 99 
Fri'SObenlrri 3X278 Ml 238 


1199 

Il» 

1102 

1144 

1X07 

ll.W 


1037 Jut 95 
1037 Od 95 


1X79 

7204 

1207 

1289 

!!£ 

1271 

1278 

1305 

EMB 

12J7 

1237 


11.90 

1198 

rncl 

11.95 

11.95 


ipwl*. 

1180 

11*7 

1171 

IUI 

11.90 

11.90 


-110 12006 
-1.95 12.748 
—175 50W 
_15B IJta 
-X40 HI 
—225 471 

-130 l» 


-8JQ 973W 
-4W25J77 
-002 1X105 
—004 13071 
—<un iA44 
—402 « 


1 Season Season 




MM 


High 

Law Open 

Hkffi 

Low 

Oase 

Chs 

OpJrit 


1170 JM 96 1150 

1195 

11.90 

11.90 

—om 

5 

Est.sdes 12044 Fri's. sales 16042 

Fri's open hil l 53016 aft 1404 




COCOA (NCSej lOM+Kkne- l«+lon 




ISM 

1041 Dec *4 1345 

1348 

13Z3 

UZ7 


1605 

IU77MET95 1386 

1392 

1368 

7372 

-6 2X723 

1612 

1078 May 95 1414 

1414 

1395 

1399 

—4 

8049 




U30 

1425 

-4 


1560 

13B5*o 95 



7452 

— B 

1583 

1633 

1290 Dec 95 1«?4 

1494 

1*94 

1479 

-8 


1676 

1350 Mre 96 



1510 

-0 

1*0* 

IM2 

1725Mav *A 



196 

—8 

651 


MH96 



IS56 

—0 

II 

Est. sales 4539 Ri'xsdes 
Fri's open Ini 74011 up 1 

7.123 





ORANGE JUICE (NCTN) IWW+n- 


Ms. 



IJ4JM 

flXWN WM 10300 

10700 

10200 

IKS® 

♦ 1.15 


13200 

njB0Jan95 10775 

11150 

10X30 

11000 

♦0.95 13032 

12425 

*300 (Are 95 71150 

11X00 

10975 

11175 

+ 0.95 

X2» 

12000 

*700 May 95 11X00 
lOOJDJulH 117-50 

1173S 

IK7X 

11X40 

+000 

1019 

122.00 

12075 

11750 

119.90 

♦ 050 


12X00 

1 0735 Sep 95 12400 

12420 

12X00 

12200 

♦ 1.15 



10900 Nov *5 121 JM 

12100 

121 JM 

120.90 

+ 1.15 


127 JM 

I0UDJOI96 



120.90 

+ 1.15 



Mre 96 



120.90 

► VIS 


Est. sate NA Fri's. sate 

1 Fri-saaenM 24097 off 61 

1051 






Metals 




I M GRADE COPPER INCMXJ 

2S4XW te- twin P*r *». 




77 75 Nov 94 12125 


17171 


— 0-35 

1.99* 




12240 

-005 *1527 

I22JD 

7X90 junta I22JD 

I22JD 

122JD 

121.90 

—000 









171 JO 

73-00 Mre 95 12040 

12050 

I19A0 

12035 

-070 

9011 

11650 

91. 10 Are 95 



119.15 

-070 

701 

11878 

7605 Mav 95 11700 

11800 

11700 

H7.95 

— 070 

2J99 

11700 

104.10 Jun 95 



117.15 

-070 


11730 

7B0OJuita 11600 

11X30 

11600 

116J0 

-070 

1001 

11X90 

ni40Aua9S 11X70 

11X30 

11X00 

115.35 

—070 

IS2 




1K30 


l.OT 





11X60 




8X00 Dec *5 HUH 
1450 Jan 96 



113-30 


1077 

108.00 



11155 

—070 


11100 

*370 Mre 96 



11000 

-070 


10950 

7O70OMOVW 



109 JS 

— 070 



J0W 



108.30 

-070 


Est. sate 5500 Fri'vsate 

10,247 





Fri's Open W 6L7S3 Off 741 
SAVER (NOVO UUIWB 


"■5243 













52X2 

— ID5 73.704 

57X5 

NII.DJaita 5300 

530.0 

5290 

528.B 

—105 



41 65 Marta 5460 

5450 

5340 

5340 

-104 19.141 

6065 

41X06Aay 95 5445 

54X5 

5410 

5405 

-107 

<619 


4200 Jul « 55X5 

5X55 

5470 

5467 

-107 

<109 

6035 

5325Seo*5 SS55 

S5X5 

55X5 

5510 

-108 

2,934 



5740 


5620 


3,285 


57X0 Jan 96 



56XJ 

—IO* 


B22 . 0 

5S40Mar96 5710 




—110 


5*90 

5870 Mnv 96 



58X7 

—110 



6000 Jul W 



588.1 

—110 


Est . Jokrs 23000 Frri.sdex 
FfTsoPeninl 113022 off 30 

22,907 





1 PLATINUM (NMBU 10 fro* eaten vtr vayea. 

—7.10 




42600 

477JD 

47870 

-7.10 30209 f 

40900 

39000 Are 95 43050 

43050 

€2400 


—7.10 

3038 





—7.10 

1.2*2 

44130 

4ru»bctta 



43200 

—7.10 

4M 

419 50 

43750 Jan » 



43X40 



Ed. Sate HA Frfxsote 
Fri’s qaen kit 2S788 all 63 

,716 





GOLD 

INCMXJ lWirmrot-teiresreriRwoJL 





3»JMNo>i*4 




—100 


42650 

34X00 Dec *4 38830 

3H7U 

38178 

384.90 

—300 0X293 








41100 

36X50 FeD 95 3M0O 

3*230 

38700 

38800 

—180 20.7X5 

41700 

36450 Are 95 39300 

39X20 


39 JO -35600 

9073 

41450 

41970 


3*800 

3*Sfl0 




3U5DAug9S 

enunodta 



399 JA 
4XL£0 

-U0 

-300 

1.263 

42900 

40050 DOC 95 40900 

40950 


40700 

-300 

7097 


41 250 FeP 96 



41200 

—300 






41X20 



01-50 

41300 Jun ta 42100 

42300 

422-80 

18.97 -5I1J7 

5.137 

AUO *6 



«2<5« 

-100 


1 ENlBote 4UN Fri's. Mtes 

4109* 





I Fri’s open kll 157.779 up 2010 






Financial 


pis <e mpcl 
9645 «6«3 

9616 94.12 

9349 9146 


9665 10.158 

M.15 +001 HW83 

9349 XMS 

9SJ4 IS 


US T. BILLS (CMER) U 
9X10 9425 tTCC 94 9644 

9505 9191 Mre 95 9613 

9474 *3-57 Ain 95 9X44 

fXJT 93J058>fS 

Est. tales NA Fri's. sotes 1.930 
FiTiapanM 34711 UP 429 

SYR. TREASURY ICB0FT1 slBMmp+%-wiB.l2Mao+'ttKj 

104- 21 KH-AS OecWIIH-2HIO(-22X 101-14 101-205— 01 170.036 

103-09 KB- 70 Nlar9300-315 101-015 100-30 101-015— 01 8029 

1 BO-08 108-05 Jin *5 100-165— 01 1 

Esi. scries NA Fri's. Hies St AD 

FtfsqpenW 17*046 alt I4W 

I0YR. TREASURY (CBOT) tiasmnto-pil 6 WnP innj 
114-21 99-18 Doc 94 100-23 100-23 100-13 188-21 - 01 382^71 

111-07 99-05 Mre 95 99-21 99-31 99-23 99-30 - 01 10J13 

105- 22 to-71 JwM 9M4 99-11 I O-OI to- 1 1 104 

101-04 98-05 Sec 95 98-74 9844 98-14 9*-29 + 01 5 

110- 31 98-18 Dec 95 98-10 98- IS 98-10 98-15 + B 

Eg. sales na FriViaia 12X528 

Fri's open iff 292093 up >8815 

US TREASURY BONOS 1CBOD npa-uaw^ii+nwviaOKTi 
118-08 91-1* Dec 94 98-12 98-13 97-J1 98-11 34BJ12 

1 14- SB 96-09 MOT 95 *7-72 97-24 *7-10 97-23 + 01 2X475 

115+19 95-28 Jm9S 97-OS 97-03 W-2S 97-03 * OI I1JM 

111- 15 95-10 tap 95 96-12 94-17 96-08 96-17 - 01 266 

113- M 9SHU Dec *3 94-00 + 01 133 

114- 06 94-10 Mar 94 95-14 * 01 50 

IO0-» ULOS Junta 95-01 ' 01 » 

Ed.xun na Fri's, soles 547,150 

Fn'sooenlnt 43* .025 UP 1*814 

MUNKFALBONDS (CBOT) (ieae.Mw-en6XiNhaiw.tt 
91-77 M-15 Dec WK-10 15-17 Bt-31 85-10 — M DM 

B-49 83-14 Mre 9584-10 M-<0 83-71 84-06 - 04 an 

Ed.HKS NA Fri's. S£*BS 9.131 
Fri's open Ini 2IJD1 up 516 
EURODOLLARS ICMER} iinteb +i mat 100*3 
9X180 90 710 Dec *4 MJOJO 96040 94JD0 *6050 


9S3B0 90246 Mu' 9$ 95050 9X420 9X500 91610 

*6730 *0.710 Jun 95 91150 *1150 91110 93140 

94350 9)JI05*P*5 92J00 92000 92.770 92000 

94210 91.180 Dec 95 9X400 9 IM *2440 97470 

9622D 90.750 Mar 94 92378 92JJO 91340 97.370 

91100 91120 Jun*6 92J30 91230 91200 91730 

92370 91100500 5> *2.130 *3.150 *20*0 92 )» 

Ed.wrias NA Fri's. wtes 654J19 
F ri's pne n Ini 2384J49 UP 3*40 
MfTISHPCKMD ICMERI 1 pw Bwia- 1 Dte) mail n goei 
I JEW MSOODUCta 1.4199 IAJ76 1,5176 UMJ -177 4X443 


-10430 JO 
— I0AMJ22 
— 10394.94S 
— 1DZW.S77 
—10181,070 
-10 155.906 
—10179,711 
-WUW77 


Season Season 
High Low 


Opwi Hioti Law aose era Op. kit 


10440 1 0640 Mar 95 13190 10360 10190 10330 +124 52* 

10320 13148 Juh 95 10086 1032D 10170 100*4 +120 9 

Est. sales NA Fri’s. wries X1M 
Fri's open ire 45,990 alt *44 

CANADIAN DOLLAR (CMER) tte+rer- 1 goto— wtoRLMOl 

OJIM OlTOBDcCN 07394 0J398 0J3B6 07392 —11 3X877 

0-7406 (UTHDMre 95 OT3*S 07395 073B4 07392 —11 1.717 

07 522 04990 AM 95 07386 07386 07300 0 7385 —11 Cl 

0-7438 0-4961 tap *S OTB3 —ft « « 

07400 07040 Dec 95 0 7358 — H 62 

Marta 07342 — 11 1 

Est. sales NA Fri's. soles UM 
Fri's open int 37.170 off J57 

GERMAN MARK (CMER) 1 own oawei HUMP . 

06731 03590 Dec 94 00615 06642 00417 066* -23 88077 

00745 03810 Mar 95 00430 00673 04620 00699 + 22 5J83 

00747 05980 Jun*l 004X1 04480 046X1 04474 +21 1.749 

06748 0-6347 tap *5 00492 +23 116 

Est. sales NA Fit's sales 87,047 
FrVsooenim 9501* up 2KB 

JAPANESE YEN (CMEH7 (mrxn-liw+fautetOeaBMi 
unO4*UUimS25DecMO01O3Q5U)ia377aOUSWO.Ol(aS +45 61022 

OOlO5timiO*4aOMre*SajBlO4O!D01IM5aU}lO4(naOlO(4l +45 7085 

OjnO£7tO-5ri,J76Jun95 0010541 +45 718 

OJnci775a0lO200SePta _ AOIO6J7 +45 1H» 

001 0760001044 IDec 95 OO 10*00007 075(110 WhWl 01 0734 . 45 63 

omosaounoesaMreta 0010031 ♦« s 

EM. scries NA Fry v soles 31 JIB 

Fri’s ooen int 69073 UP 681 

SWISS FRANC (CMER] SM+kene- 1 pak* court* MU»n 

OOIOB 06885 Dec 94 07931 07995 07931 0.7971 +27 41JB8 

00136 0.77H7MOT95 07976 0080 0J974 OJOOri +27 2JU6 

00145 071*3 Jun 95 00045 +27 160 

0015# 08130 tap *5 00084 +27 6 

Esi. scries na Fri's. sate 33J97 
Fri's open M 4X821 up 573 


Industrials 


COTTON 2 (NCTN) sun te- am b*+ ex 
7725 5900 Dec 94 7200 72.70 7170 7225 

MIS 4050 Mar 95 712* 73.«B 73.00 7300 

7BJ5 44.00 May 95 74J7 7400 74.07 74_50 

7075 M 30 04 *5 7X00 75J0 7475 7X30 

7470 66010095 7X55 

TU » 46-25 Dec 95 6*0} WJi 49JS 4*67 

7055 (800 Mar 96 2008 

Esi. sales NA Fri's. sales *070 
WscpmUnl 53077 aH 137 
HEATING WL INMB?) OMlri- WrUBe+WH 
5*30 *40000 94 4925 4*70 4875 <8.98 

59.00 4600 Dec *4 4*00 4*95 49.10 4*40 

6725 4325 JtviVS 5020 5005 49.70 BOO 

5875 47 .95 Feb *5 5005 50.B5 5025 5450 

57 JO 47.00 MOT 95 50 JO 588S 50.05 5030 

5X15 4305 Are 95 49X5 4975 49 JS 4900 

5430 *7.00 May 95 4908 4904 4895 mm 

53.50 *47* Junta 48*5 *8*5 4880 4800 

5430 470500*5 *8*0 48.90 *8*0 4*00 

5X60 427QAUQV5 49 JO 

5X10 4845 Sen 75 5040 

53.95 sa05Odta 51 JO 

54.40 52JWN0V95 5225 

5700 5270 Dec *5 S3 20 

5X50 50.30 Jan 96 5300 

59 JO 53 B2 Feb 96 SXB0 

54.90 54 JDMar 9 t 52. 95 

54B 4600 Apr *6 52.10 

Est. sate NA Fri's. sate 31.582 
Frl'i ooen mt I56J71 Oft 2009 


LIGHT wer CRUDE IHMER1 Iran- 


20180 

11*3 Dec 94 

18.16 

IBJJ 

17.98 


1*05 

lXI5Jan*5 

1B01 

1LI« 

1705 

1802 

19.60 

1X28Febta 

i/.ta 

1801 

17.76 


2066 

1X42 (Aar 45 

1701 

1706 

176S 


t».« 

1X55 AW *5 

1/05 




1974 

15^9 May 95 

1772 

17.7J 

1/02 

1775 




1771 

17 63 




1707 

170* 



1907 

M 16 Aug » 

1707 

17.67 

17.62 


1440 

1700 Sep 95 

1*72 

1772 

1704 


1*17 

16 42 Od 95 

1709 

17/9 

170* 

1776 

1906 

TJ.ISNovH 

1770 

17.70 

1705 

17.77 

3QJD 

1x50 Dec ta 

17.78 

17.78 



21.15 

1705 Jan *6 

1773 

1773 

1770 


I486 

1706 Feb *6 




1>.85 

1U0 

17 l5MQr9& 




1708 


1 70 1 Aorta 





2000 

17.22 Junta 





*607 

18J8 SOPH 




1X12 

Est.KfcS 

na Fn's. sales 

86.944 




Fri's open ini 3*472! oft 1387 
UNLEADED GASOLINE (NMER) (LtODoM-antin 
59.40 427500 94 »0O 60.10 55J0 5701 

60.70 5000 Dec 94 5900 60.10 5X70 5806 

5X60 5050 Jan 95 5644 5700 56.10 56M 

OUS S I.TOFBbta 5X40 5XS0 54*5 54 .96 

S6.9S 5200 (Aar 95 SX35 iU5 J<90 SXI6 

6030 58X5 Aorta 59.10 59.10 5X20 5X66 

50X0 58 00 May 95 57JI 

5X30 5X90 Jun 95 SUO 

p.44 5X30 Jul 9) 5190 5600 5X90 5621 

56J5 54 OO tap 95 3S 

5X15 52X0 Oa 95 MOO 

$X» 52J0Na<+95 Sm 

547S 5200 Dec 95 aA5 

5729 5446 Aug 96 557] 

Est- soles na Fri's. sate fl.OK 
Fri'iOPenmf 7IL43S all 533 


-030 23.505 
*005 1X617 
+ 015 6.915 
#037 4,104 
-005 530 

-am 2.779 

#0 03 20 


-on 6 ABB 

—0.13 46.924 
-XIB 32J5D 

-an 21052 
-an 10.77* 
-an TjjB 
-an 5.466 

-on 4841 

-an 6 J 0 * 

—on 

— ai3 

-an 

-an 

-an 

-an 

-an 

-O.I 3 

-an 


— a04 91,975 
— 004 70.544 
-002 3X571 
21975 

-am 11035 
■ 003 11083 
+ 004 24030 
+ 0115 12X09 
+ 0.0S 4,128 
+ 007 11097 
+ 007 5025 

• 007 Ml 
+ 008 17004 
+ O0B 
+aoe 
+007 

• 007 

+007 16073 
+ 007 


red 

—100 8014 
-043 27,778 
-Oil 16,929 
—071 403* 
—023 3081 
-023 <577 
-023 17S2 

-an 65 * 

JS ™ 

-027 240 

—027 309 

-Or 142 

-an 


Stock indexes 


SAP COMP. INDEX ICMERI M6 . hat# 

4p.l0 4»70Dec*4 47420 474.*0 47205 4720S 
SJm 5S JSW U9M 47X65 47505 
417 AJ 451.00 Junta 479J51 

487.70 46100 SCO 95 4MJ0 0470 ALSO 6 |»ft 

EsLwleS NA Fri's. sote 101076 
Fri's naen Im 230484 alt 2603 

3400 ZT».I5D«94 26045 26005 250J5 y j l tn 

26440 24450 Mar 95 743330 26100 26000 359 90 

28X00 25400 Jun 95 26300 JUJO M30O 26I J0 

gj 5 ® 35 f- 5 f 2ttl» 365.00 76500 26270 

Ed. sate NA Fri's, mIh 4,147 
Fri's own int 4.7U up 88 


—175220.715 

-3.js11.ro 

-J7S 

J0M 

-375 

592 

“H! 

<089 

-120 

14b 

-126 

-ZJ0 

4* 


» 


Moody's 

Rnrtorx 
D J. Futures 
Com. Research 


Commodity Indexes 

Cio« 


1J65J0 

1105J0 

15128 

233 JO 


Previous 

1+357.70 

2,104.90 

1500 

23408 


■'S 




U’AjB l>* f 


Vii, 


( i u K* 


»UBS Says Profit 
For ’94 Is Likely 
ToShowaFall 


emptied by Our Sftgy From Dispatches 

ZURICH — Union Bank of 
Switzerland said Monday that 
its profit for 1994 was unlikely 
to match that of 1993, when the 
bank s earnings rose 69 percent 
to a record 227 billion Swiss 
francs ($1.8 billion). 

The bank said its results in 

the third quarter were below the 
year-earlier level, but it did not 
provide figures. 

“Results for the year as a 
whole wflj depend to a large 
extent on what further alloca- 
tions need to be made to provi- 
sions for losses and doubtful 
debts, as well as on market con- 
ditions, in the fourth quarter,” 
the bank said. “Last year's re- 
sult is unlikely to be reached, 
however” 

In the third quarter, the vari- 
ous components of income 
“displayed a very diverging 
trend,” the bank said, 
x Fee and commission income 
were “excellent,” surpassing a 
very good result for last year, it 
said. In particular, investment 
advisory and asset management 
services and credit-related com- 
mission income improved on 
their 1993 pe 

But results from the corpo- 
rate finance business woe un- 
satisfactory and reflected a 
“difficult” environment, the 
bank said. Net interest income 
fell below its year-earlier level. 

UBS said market conditions 


adversely affected trading oper- 
ations, which turned in an un- 
satisfactory performance, al- 
though trading income was 
better than in the second quar- 
ter. 

“A positive development in 
equity trading” contrasted with 
the disappointing trading per- 
formance in bonds and interest- 
rate instruments, the bank said. 

Foreign exchange, banknote 
and precious-metals trading 
were below expectations. 

Total expenses fell “notice- 
ably" from a year earlier, and 
despite further expansion 
abroad, personnel costs de- 
clined considerably. Although 
still at a high level, deprecia- 
tion, value adjustments and 
provisions all fell. 

Assets fell 2 billion francs in 
the quarter, to 233.3 billion 
francs, mainly because of the 
weakness of the dollar. 

Total customer deposits de- 
clined to 130.83 billion francs 
from 133.90 billion francs at the 
end of June, while customer 
loans declined slightly to 145.20 
billion francs from 145.69 bil- 
lion francs. 

Union Bank’s competitor 
Credit Suisse said last week its 
third-quarter results fell short 
of year-earlier levels. Swiss 
Bank Corp., the third major 
Swiss bank, will report earning s 
for the quarter on Wednesday. 

(Bloomberg, AFX) 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, NOVEMBER 1, 1994 


e Pinball Wizard 9 Goes to Germany 

Offenbach Sets the Stage for an Economic Revival 


By Brandon Mitchener 

International Herald Tribune 

OFFENBACH, Germany — A former 
industrial city on the river Main near 
Frankfurt, Offenbach is best-known these 
days as the home of the German National 
Weather Service and as host to one of the 
world’s leading leatherware conventions. 

But if Alex Steiman has his way, the 
city will soon also become synonymous 
with a deaf, dumb and blind kid named 
Tommy,' the star of an award-winning 
Broadway rock musical that will start fill- 
ing seats and hotel beds here next spring 

Mr. Steiman, who is a partner in the 
first venture to bring the hit musical 
overseas, and the city of Offenbach, 
which is making the switch from an in- 
dustrial city to a modem center of ser- 
vices, are banking on the success of the 
local production, which is to have its 
premiere in April. 

“The time is ripe for this idea," said 
Mr. Steiman, a businessman who sells 
jewelry in Frankfurt when he is not pro- 
moting “Tommy." 

“Germans are desperate to be enter- 
tained, and we’re selling excitement.” 

For Offenbach, “Tommy" means big 
business. 

“It will become a new economic factor 
in the city," said Sigrid Gross, a spokes- 
woman. “Offenbach was always known 
as the leather city. If it now becomes 
known as the musical city, we won’t 
compain," 

Mr. Steiman, a New Yorker who 
moved to Germany in 1966, has been 
involved in the entertainment business 
with Peter Rieger, his Cologne-based 
partner, since be was 15. In the past three 
years, he said, “Tommy" has become an 
obsession. 

He listens to “Tommy," while driving, 
thinks about “Tommy,” while counting 
carats in his jewelry store and gives tours 


of the theater where “Tommy" will play 
nights and on weekends. 

“It's not that I dislike jewelry, but I 
prefer show biz," he said. 

Several other Broadway musicals, in- 
cluding “Cals,” “Starlight Express” and 
“Phantom of the Opera,” have been 
playing to full bouses m Germany for as 
long as eight years. 

“Germans are dazzled by the intensity 
of the experience of Amcri can-style pro- 
ductions," Mr. Steunan said. 

“Tommy," conceived in 1969 by Pete 
Townshend, a co-founder of the rock 
group The Who, is a two-hour rock bal- 
lad containing songs such as “Pinball 
Wizard” that are already part of pop 
culture. 

What makes “Tommy" different from 
other Broadway productions, Mr. Std- 
man said during a tour of the Offenbach 
theater where it will be performed, is 
depth. “Tommy’s search for identity is 
the story of a whole generation. You can 
feel the importance of it,” he said. 




J GERMANY 
Dussekforf 

Cologne 

Bonn Frankfurt 


Leipzig 


Nuremberg 


Munich • 


AUSTRIA 


Aside from being a story about a deaf, 
dumb and blind child who comes of age in 
the aftermath of World War II, the Offen- 
bach production — inducing war scenes 
and air-raid sirens — will take place in the 
main hall of a former synagogue. 

The budding, Offenbach’s main syna- 
gogue until 1938, was converted into a 
theater in 1940. With the assent erf 1 the 
remaining Jewish community, it contin- 
ued to play a major role m the city’s 
cultural life after the war until the city 
Stopped maintaining ft in 1989. 

Mr. Stetman and Mr. Rieger, who have 
a 75-year lease on the budding for the 
symbolic rent of I Deutsche mark (66 
cents) a year, wiU invest more than 10 
milli on DM in renovating it and expand- 
ing its seating capacity from 800 to 1,000. 

“If we fail, the city will repossess the 
theater in a renovated condition,” said 
Mr. Steiman, who has uncovered mock 
Doric columns that were boarded over in 
the 1940s. “If we succeed, once we’ve 
repaid the debt, the city is out of their 
obligation and starts making money.” 

Offenbach expects “Tommy" to at- 
tract between 400,000 and 450,000 visi- 
tors a year, about half of whom will come 
from outside the region, giving a big 
boost to local hotels and restaurants. 

The city is in one of Europe's richest 
regions, the Rhein-Main area, which in- 
cludes Frankfurt, Mainz and Wiesbaden. 

“A lot of things speak for this region," 
said Mr. St etman, noting the proximity 
of one of Europe’s busiest airports, its 
biggest convention center and one of its 
busiest train stations. 

The timing could hardly be better. 
Two hotels are due to open just blocks 
away from the theater, and a new com- 
muter rad link to downtown Frankfurt is 
planned to crown Offenbach’s revival as 
an investment center for companies in 
the service sector. 


Page 13> 

EUROPEs 


jjgs r\ 

yiynH' * 


Frankfurt 

iOAX. 


.London T "7ris* 




■£*3*09*:.': •>. 

■■ .growfefc - j siocfc Jwtac 

matM -X 

- 

' r * 

j**--. J. 

vio<ma"'--. -- '' sta^ trkiax' ,;.v 

Sources: Reuters, AFP Irtcromocal Her»Jd Tribune ■< 


Very briefly; . 

• KLM Royal Dutch Airfares threatened unspecified action against 
France for refusing to let it serve Orly Airport, saying it would 
hold that countiy liable for damages. Both KLM and Lufthansa 
planned to begin service to Orly on Monday, but the government 
refused permission, forcing flight cancellations. 

• AMC Entertainment Inc. of the United States said it hoped to 
build 40 multiscreen movie theaters across Europe by the end of 
the decade as part of a plan to add 3,000 screens worldwide. 

v 

■ Germany’s economic policy toward the former East Germany is 
inadvertently accelerating the decline of the region’s industry by 
emphasizing the development of the service sector, said Henning •? 
Klodt, an economist at the Kiel Institute. 

Bloomberg, AP, AFX 


Iberia Faces Labor Problems as It Tries to Widen Cutbacks 


Bloomberg Business News 

MADRID — Iberia, trying to stem losses, is 
facing labor unrest as its unions balk at restruc- 
turing plans. 

The Spanish flag carrier is trying to persuade hs 
eight anions to accept payouts of as much as 15 
percent as part of its plan to stem losses and to 
persuade the European Union to allow Spain to 
pomp about $1 btOion in fresh capital into it 
But the airline received more than 120 billion 
pesetas in government aid just two years ago, a 
handout that was approved by the Eli on the 
condition it would be the last 
Consequently, the European Commission 


NASDAQ 

Monday’s 4 fun 

This list compiled toy the AP, constete-ot the 1,000 
most traded securities in terms of dollar value. His 
updated twice e year. 


might be expected to frown on a new request to 
allow a government subsidy to the airline. 

The amine’s two principal unions — the Gen- 
eral Workers Union, or UGT, and Comissiones 
Obreras, or CCOO — have called one-day strikes 
for Thursday and Nov. 1 1. The unions are seek- 
ing nearly 12 billion pesetas ($96 million) in back 
pay for a cost-of-living allowance and are de- 
manding that management negotiate with all 
four unions together. 

Iberia has been ordered by a Spanish labor 
court to pay cost-of-living adjustment, but it 
appears to be trying to include the back pay in 
tours on the reorganization plan. 


The two unions have not dropped their de- 
mand for payment, but they have not made it a 
condition for discussing the reorganization. 

TWo weeks ago, Juan Saez, managing director 
of Iberia, said the airline would go bankrupt if a 
labor agreement was not reached. But the differ- 
ences between the unions and the company and 
between Lhe unions themselves do not seem to 
have diminished. 

Over the weekend, a coalition of smaller 
unions, primarily representing Iberia’s ground 
personnel called for a two-hour work stoppage 
each Friday in November and for four one>-day 
strikes in December. 


Those unions are demanding that Iberia come 
up with the back pay before any reorganization 
plan is discussed. They are not participating in 
the strikes called by the two large unions. 

“The basic difference we have with Comis- 
siones and UGT is that we want Iberia to pay the 
money owed us, and then we wiU enter into 
negotiations to talk about the plan," said Martin 
Torres Machon of the Independent Union of Air 
Transport Workers. 

Iberia’s 1,200 pilots have their own contract 
with the airline and have expressed no interest in 
negotiating alongside the other unions. 


AEG Daimler Calls Report 
On Its ’94 Loss Exaggerated 


AFP -Exlei News 

FRANKFURT — AEG 
Daimler-Benz Industrie AG, a 
unit of Daimler-Benz AG, de- 
nied Monday a report in Der 
Spiegel magazine that said it 
would have a loss of 872 million 
Deutsche marks ($582 million) 
for 1994 and said it expected 
instead a loss of 300 million to 
350 mObon DM. 

In 1993, the company posted 


a loss of 1.19 billion DM. __ 
Chairman Ernst Georg St&ckl "" 
said previously the company - 
would be able to halve that loss. 

The spokesman said the 872 - r . 
mini on DM figure “appears to . - 
be an exaggerated operating .; 
loss forecast." 

He added that speculation 
that Mr. Stdckl may leave AEG 
before his contract expires had 
been “plucked out of thin air.” i. 























































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lliyfif? m ml » niiAV 4 ■ - ■ VSMI_ 1 • “ 

INTERNATIONAL HERALD TRIBUNE, TUESDAY, NOVEMBER 1, 1994 


„ A 1 ? 




Page 15 

asia/pacific 


Central Bank Books 



b ; i ^ r Kevin Murphy 

fe. ' •“ /fcroW TWho* 

b- HONGKONG— In 


through the figures, understand prices and 
inflation." 


• : F!o shed more light on the 


17 


ana 


it move 

i? n^t. the central bank said Monday it would 
-providing public statistics on the 
v money supply, and it did so for the first 
; .jjme in me Communists’ 45 years in power. 
jK ; 7!“ » aimed at allowing Chinese 

.jitizflns to learn at least as much as foreign 
■ analysts know now about the country’s 
r- complex economy. Money supply is a key 
t- indicator of inflationary trends, and the 
^government considers inflation its most 


ie government published a measure of 
money supply in the official Financial 


j; News, along with statistics, it releases each 
•' /quarter on the level erf loans, gold and 
Ffordgn-exchange reserves. 

P" ••.‘Shell .financial transparency has not 
ocune easily in China. Xi Yang, a journalist 
.. ; with/the Ming Pao newspaper of Hong 
Kong, is serving a 12-year prison sentence 
■ far stealing “state secrets" m his reporting 
on central bank interest-rate policies and 
‘ gold reserves. 


“Before, these figures were only avail- 

official of 


,r ^a\. 


able in internal documents," an 

the bank’s statistics department told the 
newspaper. “We hope the public will. 


Officials of the International Monetaiy 
Fund have for the past year been working 
closely with the bank to produce financial 
statistics that approach international stan- 
dards. 

The Chinese government and foreign 
investors alike have scrutinized recent eco- 
nomic indicators for signs that Beijing will 
be able to control potentially destabilizing 
inflation, which hit 27 percent in its largest 
cities in September. 

"This will help the opening up and re- 
form of our finan cial system and make for 
better international exchange,” said Dai 
Xianglong, vice governor of the People's 
Bank of China. 

But, while foreign economists welcomed 
the development, several said more fre- 
quent and consistent releases of data 
would be necessary to enable them to ade- 
quately chart China’s development and its 
current fight against rising prices. 

' “If this is the start of more regular and 
more transparent monetary statistics, I am 
delighted," Enzio von Pfol of S.G. War- 
burg. Securities in Hong Kong said. 

Much of C hina ’s statistical methodolo- 
gy remains something of a mystery to for- 
eign analysts, who see quarterly monetary 


figures released irregularly, often as much 
as six months after the quarter has ended. 

In a commentary that accompanied the 
front-page publication of three measures 
of money supply growth, M-0, M-l and M- 
2, For the first three quarters of 1994. the 
bank said the financial situation had im- 
proved from a year earlier, although prices 
continued to rise. 

“The f inal aim of our monetary policy is 
to stabilize the currency and promote eco- 
nomic growth," Mr. Dai said, out it is very 
difficult for us to directly regulate prices.” 

In more advanced economies, there is a 
dearer link between money supply growth 
and inflationary trends. 

- But in China, now midway between a 
centrally planned economy arid one where 
market forces guide the system, strict mon- 
etaiy policies alone do not hold the key to 
laming inflation, analysis said. 

While several measures of growth in 
economic activity appear to be slowing 
down, including growth in money supply, 
prices continue to soar. 

“Overall growth is up. but it looks like it 
is growing more slowly," said Andrew 
Freris, an economist with Salomon Brothers 
Hong Kong Ltd. “At this point a crude 
version of monetarism is most unlikely to 
bring inflation under control immediately.'' 


Aerospace Firms 
In Japan Are Set 
To Turn Global 


Hig h Costs Give Rivals 
Reason to Spread Risks 


JTong Kong Futures Plan Angers Beijing 


~r.ij 

t: . 35r 


Bloomberg Business Nevs 

HONG KONG — China 
criticized the Hong Kong gov- 
ernment as “irresponsible” for 
failing to consult Beijing before 
allowing trading in stock fu- 
tures, the official news agency 
Xinhua reported Monday. 


Cz 


r.. h-i 


The Chinese agency’s . Hong 
Kong branch described the gov- 
ernment's decision last wedc to 


introduce stock futures trading 
on the Hong Kong Futures Ex- 
change as an “irresponsible act” 
that would have a “major im- 
pact" on the colony’s economy. 

“Any major measures to be 
implemented should take into 
consideration whether it is ben- 
eficial to Hong Kong’s soda! 
stability and economic prosper- 
ity,” a Xinhua spokesman said. 


Hong Kong’s decision to 
launch stock futures has also 
divided the colony’s financial 
community. The Hong Kong 
Stock Exchange warned it 
could cause excessive swings in 
stock prices. 

Defending the decision to 
proceed with stock futures, a 
Hong Kong government 
spokesman said: “It’s a com- 


mercial decision, and as such, 
the question of consultation 
doesn’t arise.” 

Hong Kong's Securities and 
Futures Commission has an- 
nounced it will implement risk- 
management measures and will 


initially limi t trading to shares 
of HSBC ‘ 


Holdings PLC and 
Hong Kong Telecommunica- 
tions Ltd. 


By David Holley 

Los Angeles Times Service 

TOKYO — As Japanese 
industry struggles to adapt 
to the strengthening yen, To- 
shifumi Hinu, an official at 
Japan's Ministry of Interna- 
tional Trade and Industry, 
has his eyes set on the 21st 
century. 

The economics of the 
strong yen are forcing core 
Japanese industries to man- 
ufacture in developing coun- 
tries, and Japan will “need 
to find new, promising, prof- 
itable high-tech industries,” 
Mr. Hirai, director of the 
Aircraft and Ordnance Divi- 
sion at MITL said. “I think 
aircraft, or space, has a mar- 
ket in the next century.” 

But worldwide competi- 
tion in the aircraft industry 
is akin to a “marathon race” 
in which Japan is too weak 
and too far behind to even 
dream of taking the lead, 
Mr. Hirai said. 

Despite such modesty, 
however, Japan's efforts to 
develop an aircraft industry 
are taken seriously by lead- 


forts to diversify and share 
risk with foreign partners. 

So far, he said, the Japa- 
nese have chosen the less 
risky path of partnership. 
About 75 percent of the 


industry’s output is military 
: foi 


work for Japan’s Self-De- 
fense Forces, such as pro- 
duction of F-15 fighter jets 
under U.S. licenses. 

Much of the commercial 
work consists of producing 
parts for Boeing’s 767 and 
777 jetliners ana for Pratt & 
Whitney engines for those 
planes. 

The goal is to change the 
ratio to about 50-50 military 
and commercial, said Shinya 
Kobayakawa, senior manag- 
ing director of Japan Aircraft 
Development Corp., an um- 
brella organization for five 


major aircraft companies: 

leavy Industries 

iki Heavy Indus- 


mg U.S. companies. 
Instead * 



of seeing Japan as 
a threat, U.S. companies 
perceive the developments 


as part of the globalization 
MO 


of high-technology indus- 
tries and are seeking Japa- 
nese partners. 

George David, president 
of United Technologies 
Corp., maker of Pratt & 
Whitney aircraft engines, 
said his company’s coopera- 
tion with Japanese compa- 
nies was contributing to 
their technical abilities in 


aerospace. 

But he said he was not 
worried about helping to 
create competitors: “I would 
much rather partner with the 
strongest possible competi- 
tors. rather than have to 
meet all of them head to 
head in the marketplace.” 

KJaus Brauer, chief ana- 
lyst for marketing and com- 
munications at Boeing Co-, 
said aircraft design and 
manufacture was “an indus- 
try with very high risks.” 

Japanese companies es- 
sentially have two choices, 
he said: they can “throw all 
their eggs in one basket” by 
picking a narrow niche to 
focus on as competitors, or 
they ca " continue their ef- 


Mftsubishi H 
LuL, Kawasaki 
tries LuL, Fiqi Heavy Indus- 
tries Ltd, Shmmaywa Indus- 
tries Lid. and Japan Aircraft 
Manufacturing Co. 

A key piece of Japan Air- 
craft Development Corp.’s 
strategy is fonts firms to take 
the leading role in the design 
and manufacture of a new 
email passenger jet the Japa- 
nese have dubbed the YSX. 

The company has for sev- 
eral years explored possibili- 
ties of buildmg such a plane 
with an American or Euro- 
pean partner, either in the 
100-seat or 75-seat class. 

The aircraft if built is 
likely to be a multinational 
effort One possible scenario 
is for Japan Aircraft Devel- 
opment Boeing and Chinese 
state-run aircraft manufac- 
turers to cooperatively build 
a 100-seat airplane. 

The Japanese say such a 
plane could satisfy a global 
market for passenger jets 
smaller than those of the 
Boeing 737 series, which 
hold 108 to 159 passengers. 
Estimates of demand over 
the next two decades for this 
kind of jet range from 1,500 
to 3,000 aircraft 

“We need to prepare our- 
selves for the 21st-century 
economy, where there is a 
globalization of resources, a 
globalization of technology 
development, a globaliza- 
tion <rf the means of produc- 
tion," Mr. David of United 
Technologies said. 


Investor’s Asia 


Hongkong 

Hang Seng 
ftQOO — - — 


Singapore 
Straits Times 


\Tofc*b • 
N8c M22S 



- 2300 


1894 19W 

Index ••'"••• 


Exchange 
.Hongkong HangSehg. 



pirn: 

Close: • 



Kuala Lumpur . .Composite. 


t.mss 


Bangkok-. 


SET 


3,528.83 


1,1 13.04 


Seoul 


Cpmpcffite Stock; 


'*0.67 


Weighted Pried . OdjaSd,- 6£26.4T 


Manila 


PSE- ■ 




Jakarta 


Slock index 


523.49 . 516*1 


New Zealand NZ9E-40 


2,100.37 2,095.47. :£*25- 


National Index JMJ21.66 2,025.16 


Sources: Reuters. AFP 


iMcnuxicaul HenM Trthne 


Very briefly: 


• Taiwan’s first secondary bond exchange, called the Bond Dealers 
Club, begins trading Tuesday. The Association of Securities V 001 ' 
ponies wiUqperate the exchange, which is intended to give Taiwan 
companies an alternative to bank financing. 


• H uaneag Power International Inc. of China^said^ third-t^^^ 


nmniriitMt consolidated net income nearly doubled to 
milli on yuan (S26 million); the company hoped this would im- 
press skeptics in New York, where its American depositary 
receipts are trading below their OcL 6 offering price of $20.00. 


• Pioneer Electronic Corp. said it was “heading toward” signing a 
contract to become the first company allowed to make 
Apple Computer Inc’s Macintosh personal computers. 


• Shanghai Hai Xing Shipping Co., China s biggest coastal ship- 
oine line, said it would be the next state-owned company to list on 
thcHong Kong Stock Exchange; it will float 864 million shares 
for 1.46 HongKong dollars (19 U.S. cents) each. 


• imx nuoK uchiuum mu. plans to launch a 32-bit video-game 
machine in the second week of December, six days after rival Sony 
Corp. releases a machine. afp. Bloomberg, Reuters 


India Set to Ease Controls 


On Foreign Exchange Use 


AFP-Extd News 


NEW DELHI — India in- 
tends to loosen remaining for- 
eign exchange controls shortly 
as it lays the groundwork for a 
fully convertible rupee, a top 
central bank official said on 
Monday. 

The Foreign Exchange Regu- 
lation Act, which governs trans- 
actions in foreign currency, will 
be rewritten and renamed as 
part of the liberalization pro- 
gram, said O.P. Sodhani, execu- 
tive director of the Reserve 
Bank of India. 

The redrafted law will con- 
tain “inbuilt provisions for cap- 
ital account convertibility,” set- 
ting the stage for a free capital 
movement to and from the 
country, Mr. Sodhani said. 


Companies will be given 
greater freedom to invest in 
overseas joint ventures and 
open branches under the new 
rules, he said. 

The current limit of $2 mil- 
lion on Indian corporate invest- 
ment in a foreign joint venture 
could be raised lo $10 million 
under the new rules, but bigger 
investments would still need 
central bank approval. 

The central banker did not 
say when the new rules would 
take effect. 


For investment 
information 

Read 

the MONEY REPORT 
every Saturday 
in ihe IHT 


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Page 16 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, NOVEMBER 1, 1994 


AMEX 

Monday’s Closing 

Tables Indude ihe nationwide prices up to 
me closing on Waff Strea* a™* do not retlec 
ttate trades elsewhere. Via The Associated Press 


13 Month 9s | 13 moo* as 

ifrt LOW Stpcfc Dio VBFEIg Ktfi LnwLoasiOi'w I wt Lew SM Phr WFglgg HUH LowLacgCh'ga 


17 Month 
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or DOW In prectxflng 12 mtanhs. 
tti funds, euttfecftois* non-iwMence 


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k r n ^ yr. < ! a, {^ u/i. 

r/C— pnCBeilllWW iuTFO. 

r—dlvjaj^dectared or paid In precedlne 12 months, plus 

siT Dividend begins with date of spilt. 

t— dividend sold In stodt In arecedlnB 12 months, esttmatea 
cash value an eK-avnend or ex-dtstrlbutlon date. 

vt — tn tKTiknjptcv or rocefvershto or being roorswilnsd un- 
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PonitEv 

wd— when distributed. 

m— when heued. 
ww— with w orrits. 
x—exmMdand or ex-rHBiti. 
xdts— ex-dlJJribullon. 
xw— without warrants, 
y — ex-Avlaend and sain in hill, 
vld— yWd. 
z — sales In /uli. 


\ 



Ud 4 e s' La Flam me - Ref. 481 S/ 1 . Water-resistant to 25 m. Yellow eold IB-carat 




#• 

PATEK PHILIPPE 

GENEVE 

WATCHMAKERS TOLADIESSfWCH' 183,9, 

' M' • -* 



For more mtormaOon please cornad Paiek Philippe. 41 me -Ju RhOme i>,4 Geneia. Switieriand Tel *4 1 23/7 10 03 66 














6 WAM Global HOdge FO—J 
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HERMES ASSET MANAGEMENT LTD 
Bermuda: «»)?» «0A Lux: I3S2M04 U *1 
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m M emsw European Fund Ecu S3J1 

m Hermes Nortn American Fd* M2J# 

rwHermeo Aslan Funa » 334.91 

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mi iui iN; Siraneiee Fond 3 488.95 

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m Hermes dated Fund S 647.51 

m Hermes Bend Fund— Ecu 123190 

m Hermes Sterling Fd (. 1B9-Q 

m Hermes Gold Fund .3 47107 

HUTZLER BROKERAGE 

mPegosusP.P. PorHoJto s 11.15 

IFDC SJL GROUP, LoadOruta 144-71 >«$ 9W* 

• IFDC Japan Fund V 217U00 

• imereond Fund Ecu 10477.15 

* nr Korea Dynamic Fund S 2307X1 

• Malacca Dynamic Fund S 172442 

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INCOME PARTNERS (ASfAl LIMITED 

i*Aska> Fixed Income Fd s 10.705 

INTER INVEST (BERMUDA) LTD 

C/o Bank al Bermuda. Tel : 807 2*5 4000 
in Hedge Hog & Conserve Fd J 9-51 

INTERNATIONAL ASSETS FUND 
2. Bd RnroL L-2M9 unemaouni 

• Euraee Sod E Ecu 8834 

IMVESCO INTLLTaPOB 01. Jersey 

Tel: 44 S24 73114 

tf Maximum Income Fund — t 19400 

tf Sterling Mnod Pill C 10710 

tf Pioneer Martels 1 6.2370 

tf Global Bond 2 

tf OMManGtaoaisiroieav— 5 173300 

tf Ada Sueer Growth 5 27.300 

a Nippon War row Fund S 2.0000 

d Asia Tiger Warrant S LMO 

d European Warrant Fund s 19000 

tf GW ILW. 1794 S 9.9080 

tf Global Leisure J 5.1 M0 

PREMIER SELECT FUNDS 

tf American Growth S AOMO 

d American Enterprise. , S 8JM0 

tf ASlO Tiger Growth S 11790a 

tf Dollar Reserve 5 53300 

d European Growth S 5X700 

tf European Enterptlse— . 5 L4V00 

tf Global Emerg Ir® Markets JS 7J4BB 

tf GkrDol Gmriti t IW» 

tf Nippon Enterprise 5 BAIN 

tf Nippon Growth __S 5X100 

tf UK r 53000 

tf Sterling Reserve c 

tf Greater ClunaOppe S 7JM0B 

IRISH LIFE INTL Ltd, (tax) 2S3-V734 1722 

tf intamotionid CauHOM. S IJII2 

tf Internal tonal Balanced S 1002 

tf InlemctiBnal Growth S 1323 

ITALFORTUNE INTL. FUNDS 

• CkBsAlAggr. Growth tlol.lS 772*400 

• rum B (Global EauttvJ S 12J3B 

• Class C (Glottal Bondi s u» 

tv Doss □ (Ecu Band! Ecu 1167 

JARDINE FLEMING .GPO Box I W0 Ha KB 

tfJF ASEAN Trust S 4134 

tfJF For East WmtTr — S 2DA9 

tf JF Global Canv. Tr S 1W0 

tf JF Hang Kong Trust S 1734 

tf JF Japan Sm. Co Tr Y 4774000 

d JF Japan TruS Y 1U4408 

tf JF AfeHovsta Trust S VO 7 

d JF PooDc Inc Tr. S 1154 

tf JF Thai Iona Trust S 4530 

JOHN GOVET7 MAMT IIjOMJ LTD 

T«: 44A24-e2«4» 

• Gowett Man. Futures— t HAS 

• Govett Man. Fut USS S JJ» 

•GcveN 5 Gear. Carr 5 11a7 

• Govett S GO»l BcLHdge S 1033M 

JULIUS BAER GROUP 

tf Boerhand SF 

tf Canbor SF 

tf Eculbaer Anserieo S 

tf Eaufeoer Eureoe SF 

tf SFR - BAER SF 

d Stocibcr SF 

tf Swtebcr JF 

tf Ucutacer S 

tf Eunae Send Func Ecu 

d Dollar Band Fund — 5 

tf Austro Hcmt Fund AS 

tf Swiss Bcsie Fend SF 

tf DM Beni Fw>S DM 

d Convert Bend Fund SF 

tf Global Bend FiwL D/A 

tf Euro Stock Ftnd Ecu 

tf US Stock Ftna J 

tf Pacific Slade Fund S 

tf Swiss 5lock Fuw e__ , J F 

tf Japan Stack Fund. — Y 

d German Stock Fund DM 

tf Korean Stack Fund ■ J 

tf Swiw Front Cash SF 

tf DM Coan Fund DM 

tf ECU Cash Fmrt Ecu wm« 

tf Storting Osh Fond — r 7i2Z» 

tf DoUcr Cash Fund S 1059.00 

d French Franc Cast FF 1131X0 

KEY ASSET MANAGEMENT INC 

mKey Asia Hohfings— S 10195 

a)K*r Global Heaoe S 2S2J6 

mKrv Hedoe Fund me S 158X1 

Kl PACIFIC ASSET MANAGEMENT INC 

mKI Asia Pacific Fd Lid S 1233 

KIDDER. PEABODY 

bOtesaoeoke Find Ltd S 298SA3 

O III Fund Ltd S 1188.17 

b Inn Guaranteed Fund - .i 137114 

b Stonehenge Ltd S 175957 

IfiHMAW BROTHERS 0/10/74 
d Aston Drown port NV A — S 1038 

tf Asian Dragon Part NVS — S 1034 

d Glottal Advfanra II NV A — S 1033 

tf Global Advisors II NV B — S 1831 

a Global Advisors Port NV AJ 1151 

tf Global Atfvhars Part NV BJ TBA3 

a Letwnai Cor Adv. A_'n s 757 

a Natural Resanea NV A — » *58 

a Natural Resources NV B — S *58 

tf Premier Futons Adv A/B_s 757 

UPPO INVESTMENTS 
IUF Uopo Tower centre. 87 QueenswnvJtK 
Tel (8521 8474888 Fa* (8521 5840288 

• Java Fond _ — _S 943 

• Asean Fixed Inc Fd— — S HA3 

• IDR Money AAarte/Fd s 1257 

• USD Money Market Fd S 189 

• I ncfaeieUan Growth Fd S 2454 

• Asian Growth Fuad S 8X3 

• Aston warrant Fund s 454 

LLOYD GEORGE MNG4MT OB]} 145 4431 
•Antenna Fanil 7 IBM 

•LG Aston Smafler Cos Fd— S 75317* 

• LG India Fund LM J 17.16 

• LG Japan Fd s HUB 

• LG Korea Fd Pic S 1057 

LLOYDS BANK INTL (BAHAMAS) LM 

• Ltovds Americas PorWoUa-S 7X4 

LOMBARD. OD1ER A QE - GROUP 
OBL1FLEX LTD (a) 

tf Muttkurrenry S 3104 

tf Dollar Mecfluta Terra— S 3430 

tf Do Oar Long Term — S 19.14 

tf Jcponese Yen — — Y 4*35X0 

tf Pound Sterling 1 2633 

d Deutsche Mart— ■ — Dm 17X7 

tf Dutch Florin FI 1834 

tf KY Euro Currencies Ecu 1532 

tf Swiss Franc SF 3X0 

tf us Dollar Short Term 1 1KB 

tf HY Euro Carr DhHd Pw — Ecu Ttt44 

tf Swiss MuWcwtwcy SF IA37 

tf European Currency. —Ecu 2174 

tf Be+sJar Franc BF 1K36 

tf Convertible S 1438 

d French From- FF 154X6 

tf Swiss Mum-DIvfcJend SF 932 

tf Swiss Franc Short-Term — 5F ML2? 

tf Caweftn Dollar CS 1352 

tf Dutch Florin Multi FI 1447 

tf Swiss Franc Dtvtd Pay SF 1834 

tf CAD Mutttcur. Dtv C5 1177 

tf MedHcrranean Curr— SF 1838 

tf Canvensdes SF 7A2 

tf Pe v tuixn n r fc Short Term— DM 1004 

MAGNUM FUNDS Isle at MO 
Ts( 44-624 668 320 Fax 44-624 488 334 

•Magiwn Fund- 3 V\M 

• Magnum MubllTeut 3 71,74 

•MaanamEmere Growth Fdt 87.17 

vMAsRomA99res.GrwtttFdS 9jja 

MALABAR CAP MCMT (Btotteda) LTD 

/nMOiaber (nfl Fuad S 18H7 

MAN INTERNATIONAL FUTURES 

m MW UmNed - Ordinary 5 36JS 

aMW Umlteti - income...— J 1151 

raMlnt Gtd LW- Spec Issue— 5 2556 

aiMM GW Ltd -NOV 2002 S 20.18 

m MM GW LW - Dec 1974 S 1751 

ntMMGWLM AWI775 S 1435 

mMW SPR»LW(BHP> S 9539 

aiMH GW CurrencMs i 453 

jnftM GM Currencies 301. — S 6X 

mMioIGGL Ph383 I 5M 

mMM Plus GW 7001 —3 9.17 

aiAttieM GW Futures — — JS 1251 

aiABienaGidCgrrendes i 934 

a Athena Gtd Flmictols Cap J 1053 

ra Athena GW FlnancMs Inc-t 10X8 

0AHLCBPlMAUdsFd 1 13X4 

mAHL Commodity Fond S 11.17 

mAHL Currency Fund 5 756 

nAHL Real TW* Trod Fd— S 132 

inAHL Gtd Real Time Tnl 3 8x1 

/nAHL GW Os> Mark LM S 10X7 

mAHL Gid Conunodf fee Ud J 955 

mMop Guarwtted 1776 LW_S 851 

fltMap Leveraged Racbv.Udj 1054 

ntlHAP Gu ui i n de ed 300 0 1 734 

m MAP GH 2081 S 7J9 

MARITIME MANAGEMENT LTD 
73 FttetT St Morel ttoa Bermuda (8091272 7789 

• MariHmc M«- Sector I Ud-S 78*58 

• MarffimeGRriBeksSertoS-S 8U3B 

• fnerttl me GBii Delta Series 3 78173 

MATTHEWS INTERNATlGNAL MOT 
EMERGING ASIAN STRATEGIES FUND 

mCtosA S 1162 

d Class B ..... 11458 

PACIFIC COHV STRATEGIES FD LTD 
mCkmA S 9755 

£ Unfc -French Rots; H.- Dutch Rorin; 
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PICTET a CIE- GROUP 



PUTNAM 

tf Emereing Htth Sc. Trust s 

• Putnam Em. Into. Sc Trusts 
tf Putnom GMl High Growths 
tf Putnam High Inc. GNMA FdS 

d Putnam Inti Fund 5 

QUANTUM GROUP OF FUNDS 

• as km Development S 

• Emerging Grow» Fd N.V— 5 

• Quantum Fend RV * 


Ecu 114X2 

1 107.967 


• Republic Lai Am Alloc S 10053 

• Republic Lot Am Aroent J M59 

w Republic Lot An) Brazil I 109X0 

w Republic Lot Am Mexico— S 79X5 

• Republic Lot Am Vtna. 5 BITS 

• Rep Solomon strategies. S 8836 

ROBE CO GROUP 

POB *733000 A2 Rotteroam.131 >W 04I2M 

tf RG America Fund FI 13738 

tf RG Europe Fund FI 125.70 

tf RG PaeRlC Fund Ff U3J3 

tf RG DMrente Fund FI 51X0 

tf RG Money Plus F FI FI 11634 

Mare Robeen see Amsterdam stocks 
ROTHSCHILD (GROUP EDMOND DEI 
IN-HOUSE FUNDS 

• Aslan Cannot Holdtaas Fd-S 42X5 

• DotwoLCFRWtacWtaBd-S IfflUW 

• Dalwa LCF RattDCh Ea S 1 33532 

• Force Gasn TrodHtan CHF JF 100445 

w Lekorn S 271423 

• Leveraged Cap Holdings S 4031 

• Ohfi-Vaior SF 744.19 

• PrlOnttenae Swtss Fd_ sf 10S22S 

t Prieoutty Fd-Europe Ecu 116335 

b prteauity Fd-Hetvelia SF 1(0557 

C Prieoutty Fd-UUIn Am__5 199583 

b Priband Fund Ecu Ecu 114X55 

b Priband Fund USD . s 107.967 

b Pribond Fd HY Emer MktsX 117.143 

• Selective Invest SA— _J 167310 

b Source S 18X2710 

• l/SBandPha S 723X87 

• vortopkis Ecu 1 071X0 

ROTHSCHILD (GROUP EDMOND DC) 
OTHER FUNDS 

d Asia/ Japan Emera. Growth) 1734120 

• Esprtf Eur Partn inv Tst Ecu 1312X7 

• Eurap Strides Inveslmtd —Ecu 1QS340 

b IntegrM Futures * 90X7 

tf Fertile mes Fund S 936 

1 Selection Hartrai FF B1t92X« 

a vtctaire Artane s sioexs 

ROTHSCHILD ASSET MOMT (CJ) LTD 

m Konrad Leveraged Hid 5 85471 

SAFDIE GROUP /KEY ADVISORS LTD 
■K*v Diversified Inc FdLhLJ 1L7I1*2 

b Timer Fund Ghtaal Band— 5 794433 

b Tower Fund Global Equity.) 778879 

SANTANDER NEW WORLD INV. 

m Commander Fund— S 106J7B 

m Exstorer Fund S 122338 

SC FUNDAMENTAL VALUE BVI LTD 
Tal 9)9 9 322008 Fax 5777 322B3I 

atHAV t 112731 

SKANMNAVtSKA ENSKILDA BAN KEN 
5-E-BANKEN FUND 

d Europe me S 150 

tf Ftarran Qstem ‘"r « 153 

d Global Inc S 1x1 

d Lokamedel Inc 5 093 

d VorWan Inc 5 Ml 

tf Japan Inc v 8757 

dMIHolne % 054 

d Sverige inc Sek lOJi 

tf Nordamerlka Inc S 0.77 

a Teknotoal me s 1.14 

d Svcrtae Ranfetond Inc Sek 1032 

5KANDIFONDS 

d Eouity InTIAcc— _J 1731 

d Equity inTI Inc S 1X87 

tf Equity Global S 155 

tf Equity NoL Resources— 5 1X8 

tf Equity Japan — Y 77X1 

d Equity Nordic S 134 

tf Equity U.K t L47 

d Eaotty OviftaoTioi Europe 1 3D 

i Equity Med H enane o n S 097 

d Etndtv North America s 2X5 

tf Eauitv Far East— S 533 

d Inti Emerwno Mcvtets 5 1X8 

d Bond Inti Acc S 1238 

d Band inn Inc * 7X7 

tf Band Europe Aa I LTD 

tf Band Europe Inc 5 1X6 

d Band Sweden Acc Sek 1435 

tf Band Sweden Inc Jek 1038 

tf Band DEM AK DM 135 

tf Bend DEM Inc DM 0.73 

tf Band Dollar US ACC. _s 1 38 

tf Bond Defier US inc— 9 154 

tf Curr. US OeOar S 138 

tf Curr.Swetfflh Kronor. 5rt 1230 

tf Sweden Flexible Bd Acc — Sek 1042 

tf Sweden Flexible Bd Inc Sek 10X3 

SOCIETE GENERA LE GROUP 

tf A)lo Fund y 54721X0 

tf BTW Cal A — S 1432 

tf BUM Cat B— — — S 43X1 

• SGFAM Strtt FdDIv FF S57J3 

• SGFAM Strut Fd FM S 7430 

SOGELUX FUND (SF) 

• SF Bands A U JA — S 1554 

• SF Bomb B Germany DM 3137 

• SF Band) C France FF 12522 

• SFBdndrEG.fi- 1 1 1JV 

• SF Bonds FJanon Y 2*0 

• 5F Bands G Europe Ecu 1735 

• SF Bends H World Wide — S 1837 

wSF Bonds I Italy Ul 27SMX0 

• SF Bands J Belgium^ BF 807X0 

• SF Eq. K North America — S 1737 

• SF Eq. L W-Eurone Ecu 1536 

• SF£q.MPedfIcBcan Y 1520 

• SF Eq. P Growth Countries J 18x4 

• SF ERQGcM Mines S 3035 

• SF Eq. R world Wide S 1550 

•5F Short Term S France — FF 1743282 

• SF Snort Term T Eur Ecu 1447 

SODtTie A5SET MANAGEMENT INC. 

• SAM Brazil S ».17 

• SAM Diversified S 13131 

• SAM/McGvt Hedge S 12244 

• SAM Opportunity 1 13058 

• SAM Oracle % 110.77 

• SAM Strategy 5 1U55 

01 Alpha SAM S IMIS 

•GSAMComposffe — * 33B.7I 

SR GLOBAL BOND FUNS INC 

mClattADMrfixrtor 5 16147 

atClassA Accamriotar S 1DU1 

SR GLOBAL FUND LTD 

mSR European S 101X4 

taSR Aslan, S 1*57 

aSN irneraai tonal S 185.19 

5VENSKA HANDELSBANKEN SJL 

144 Bd de la Petnrae. L2J30 Luxonboure 
a SHB Bond Fxnd 5 5414 

• SvenskaSeLFdAmerSb— 5 1533 

w Svrraka SeL Fd Germany— $ 18S1 

•SvanifcaSeLFdintl BdSh-S 11*0 

•Sveraka Set Fd Inn Sh S 60X7 

• Svernka SeLFd JOPOM Y 378 

w Svnako S*L Fd MltLMkl —Sek 111X8 

• 5venska SeLFd Morale SEK 18X41 

• Sverako SeL Fd Pacit Sh— S 8i 

• Svenska SeL Fd StNd BdS-Sek M1233 

SWISS BANK CORF. 

tf SBC IOO Index Fund SF 

tf SBC Eqoito P«HAa»tniJtoL_A) 
tf SBC Equity PM-Conade—O 

tf SBC Equity PtftEorape Ecu 

tf SBC Eq Ptfl HrHWftgmtl FI 

tf SBC Govt Bd Bi— $ 

tf SBC BondPtIFAuNrSA— /W 

tf S8CBandPtfFAurtr*B AS 

tf SBC Bond PtfLCan) A — _CS 

tf SBC BO no Pffl-Con) B CS 

tf SBC Band Ptfi-DM A DM 

tf SBC Band PtfLOMB DM 

tf SBC Band PtfUDatrti G. A— FI 
d SBC Band PtfHXrfCh G. B_H 

tf SBC Bond PtfrEcs A Ecu 

tf SBC Band Ptfl-Eeu B Ecu 

tf SBC BandPW-FFA FF 

tf SBC Band PHI-FFB FF 

tf SBC Band Ptfl-Pto(A/B — Ptas 
tf SBC Bond Ptfl-StortingA—I 
tf SBC Band Ptfl-StoHtag B — 
tf SBC Band PorHoBteSF A-JF 
d SBC Bond PortWRpSF B—SF 

tf SBCBondPm-USSA S 

tf SBC Bond Ptfi-USSB * 

d SBC Band Ptti-Yen a Y 

tf SBC Band Ptfi-Yen B V 

0 5BCMMF- AS A5 

tf SBCMMF-BFR BF 

tfSBCMMF-CanS CS 

tf SBC DM Short-Term A DM 

tf SflC DM ShorFTWTO S DM 

tf SBC MMF- Dutch G FI 

rfSBCMMF-Ecu__ Ecu 

tf SBCMMF - py ... — Ey 

tf SBCMMF- FF f F 

tf SBCMMF -Lit LM 

d SBCMMF- Plot- — Pto 

tf SBC MMF ■ ScWBIog AS 

tf SBCMMF ■ Start Ins £ 

tf SBC MMF -SF— SF 

tf SBC MMF -US -Donor S 

tf SBCMMF-t^Vri S 

d SBC MMF ■ Yen Y 

tf SBC GlW-Ptfl SF Grill SF 

tf SBC GU-Pffi Ert Gftti E at 

tf SBC GM-PIfi USD Grill 5 

tf SBC GU-PMI SF Yld A SF 

d SBC GibFPtff 5F Ykt B SF 

d SBCG8)H>lfl EoiYMA— ECU 
tf SBC GW- Ptfl ECU YW B — Ecu 
tf SBC GtoFPtfl USD Yld A— 5 
tf SSCGftURtl USD YW B— S 

tf SBC GW-Ptfl SF IK A SF 

tf SBCGW-PtfISF Wc B 5F 

tf SBC GB**Ptfl Ecu me A — Ecu 
tf SBCGU-Ptfl Ecu tncB_— ECU 
tf SBCGbl-Ptri USD IK A— 5 
tf SBC GtW-m USD me B-J 
tf SBC GM PHIOM Growth— DM 

tf SBC GH Ptd-DM Yld B DM 

tf SBC GW PtfMMH Ik 8 — DM 
d SBC GU-Ptll DM Bal A/B-DM 
d SBC Glbl-Ptf) Ecu Bal A/B.Eai 
d SBC GtoWHR SFR BO) A/B JF 
tf SSCGRFPMUStBalA/BJ 1004X4 

tf SBC Emerging Martels — S 1200.16 

tf SBC Small & MU Can Sw-SF «J0 

tf SBC Nat. Resource US* S 49034 

tf SBC Dw Floor OtFTS— SF 77100 

tf SBC Dyn Floor USD 9S S 7MM 

tf AmerteaValor— S 353X9 

tf AngtoVttar C ZixM 

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SPORTS 


Knicks Are Still the Beast in the East 


The National Basketball Association, having avoided the labor confronta- 
tions that led to major league baseball and the National Hockey League being 
shut down, begins its 1994-95 season on Friday. Following are assessments of 
the teams in the Eastern Conference and the IVestem Conference. 


By Mike Wise 

Nan York Tima Smite 

When the Indiana Pacers ob- 
tained Marie Jackson from the New 
York Knicks last summer, they ac- 
quired an impresario of the no-look 
pass and someone who seems to 
have mastered the blunt prediction. 
Asked the difference between his 
new club and the old, Jackson had a 
fast answer. “Better team," he said, 
referring to the Pacers. 

.• But in truth, Jackson sounded 
1 more wishful than truthful. 

' New rules conspire against the 
Knicks, and old legs may be carry- 
ing them, but if s doubtful the other 
clubs in the Eastern Conference 
have made enough changes to top- 
ple the defending champions. 

Yes, Orlando has acquired Hor- 
ace Grant and his three world- 
championship rings and will team 
him with that 7-foot multinational 
conglomerate, Shaquiile O'Neal. 
And yes, Reggie Miller has emerged 
as a superstar, and now Jackson is 
on board to help him. 

And it's true that the league has 
eliminated key elements to the 
Knicks’ style of play, the backcourt 
hand check and the front-court 
takedown. Yet experience, guile 
and grit have again made the 
Knicks the favorites, even if Patrick 
Ewing's health is a concern, along 
with Charles Oakley's. 

"The road to the championship is 
definitely through New York,” said 
Tree Rollins, the Orlando assistant 
coach and backup center. “They 
have all the character in the world.” 

Orlando and Indiana, the Knicks’ 
closest pursuers, simply have two of 
the biggest characters, the mess- 
talking Miller and the irreducible 
O’Neal. As two of Lhe league's ris- 


ing figures, thdr games have mir- 
rored the flight of their teams. 

The Pacers will need strong sea- 
sons from Rik Smits and the Da- 
vises, Dale and Anthony, to give 
Miller adequate support Their in- 
side-outside game is efficient but it 
all comes back to Miller and whether 
he, with his sinewy body, can fight 
through all the muscle in his way. 

Soon, there will be “Reggie” 
rules, arid as much as that may com- 
plement Miller’s many talents, win- 
ning a championship on the strength 
of how many 22-footers he makes 
or misses is a tough proposition. 

The Magic intimidates on paper, 
on court and everywhere but the 
playoffs, where the Pacers escorted 
them out quickly a year ago. 

Grant is the acquisition needed 
to solidify an inside game. Anfernee 
Hardaway is the catalyst Orlando 
can’t do without. Still, concentra- 
tion in the dutch has been their 
undoing before, and it may well be 
their undoing again . And after ev- 
erything else, there are the Knicks. 

“I saw the same Knicks defense I 
saw a year ago," said the Magic's 
coach, Brian Hill, after a recent 
preseason game. “They still play 
the same way. They didn't give that 
first hand check, but they still 
banged people in the lane.” 

As for the othe teams in Lhe East, 
the dark horses are abundant, but 
the clear-cut contenders are few. 

Atlanta is still potent, a carryover 
from the impressive job done by 
Lenny W likens a year ago. But 


Danny Manning, a clearance-rack 
free agent, has gone to Phoenix, and 
Craig Ehlo is beginning the season 
b ang ed up. And once the league’s 
premier defensive guard tandem of 
Stacey Augmon and Mookie Blay- 
lock is penetrated, only Kevin Wil- 
lis stands in the way. 

In Chicago, baseball has been 
very bad to the Bulls, who have 
decided to remake themselves in the 
image of Toni Kukoc. 

Kukoc was rewarded with the 
richest contract in franchise history 
between seasons. Scouie Pippen 
stayed in town after trade rumors 
furthered his resentment toward 
management. With BJ. Armstrong, 
Lhe Bulls s i »ll have some semblance 
of those championships years, but 
they are fading slowly. 

As for the Charlotte Hornets, 
they have added the league’s oldest 
player, Robert Parish, who should 
bring humility to a group often too 
eager to anoint itself a playoff 
threat. Larry Johnson and Alonzo 
Mourning are again fighting their 
way back from injuries, and if they 
heal soon, as expected. Coach Allan 
Bristow will have few excuses left. 

Miami achieved its first winning 
mark last season, and Khalid Reeves 
may become the answer at shooting 
guard, where the Heal has struggled 
to find someone to take the scoring 
load off point guard Steve Smith. 

Then there is the wacky world of 
the New Jersey Nets, who have 
made it to the playoffs three 


straight yearn but are considering 
changing their name to upgrade 
thdr identity. Let’s see: 44 percent 
from the field ... the Rims? 

The Nets without Chuck Daly 
running the show are not the same 
Nets, though they return 1 1 players 
from last season. But they will make 
the playoffs, somewhere between 
the fifth and eighth spots, because 
they have the best guard-forward 
combination in the league. 

All-Stars for the first time a year 
ago, Kenny Anderson and Derrick 
Coleman will be given the freedom 
to make music on the break under 
Butch Beard, the first-year coach 
who is still figuring out this team. 

Cleveland is still proud with 
Mark Price running the show, yet the 
Cavs cannot expect Michad Cage to 
be their free-agent answer to the 
much larger problem of finding 
someone to relieve Brad Daugherty. 

Detroit, with the rotund Oliver 
Miller and the spindly, sensational 
rookie Grant HID, may even surprise 
Coach Don Chaney. Shawn Bradley 
has been tutored by Kareem Abdul- 
Jabbar, and the addition of John 
Lucas as Philadelphia’s new coach 
gives the 76ers room to grow, but 
they are still several years away. 

Washington’s ranks of shooters 
run deep, from Rex Chapman to 
Don MacLean to the continually im- 
proving Tom Gugliotta. The defense 
runs awfully shallow, however. 

M.L. Carr has changed the Celt- 
ics’ front office forever. Dominique 
Wilkins, though, will not be able to 
do enough in one year to mask the 
obvious: Boston does not have 
enough talem to make the playoffs. 

And Milwaukee, it had better 
sign Glenn Robinson. Immediately. 



GcnfgC Nikjlnv'The AancuKd Prai 

Greg Norman only appeared to make a bone-headed play on 18. 


McCumber Zaps 
Zoeller on 19th 

The Associated Pass 

SAN FRANCISCO — Greg Nor- 
man won the Vardon Trophy, Nude . 
Price won the money title. And Mark 
McCumber won the tournament as 
the PGA Tour season came to, a close ' 
with the $3 million Tour Champion- 
ship. 

Only the last was in doubt Sunday 
at the Olympic Club, and it was de- 
cided when McCumber sank a 45- to 
50-fooi birdie putt to beat Fuzzy 
Zoeller on the first playoff hole. 

Each had played his second shot to 
the front of the green, on the 18th. 
Zoeller was slightly away and cozied 
his approach putt to tap-in distance. 
McCumber, with the same line, sank 
his. It was worth $540,000. 

McCumber and Zoeller each 
played the final round in 68. Zoeller 
trailed by two with two holes to play, 
but birdied 17 and McCumber three- 
putted 18 from the fringe. 

Price, who clinched player of the 
year honors two months ago, won the 
money title for the second consecu- 
tive season at $1 ,499,927. He finished 
this tournament with a round of 72 
and a par total of 284. 

Norman got his third Yardon Tro- , 
phy, for lowest adjusted scoring aver- 
age. He entered this event with a lead 
of more than a half a stroke a round, 
and beat the only two men who had 
even a remote chance of catching 
Him, Price and Tom Lehman. 

Norman matched par 71 for the 
last round, which he started five shots 
off the pace. But he was unable to 
scare tro leaders, even though he 
wore a Halloween mask walking up 
the 18th fairway. 


Out West 9 Rockets Remain Front and Center 


By Harvey Araton 

New York Times Service 

Western Conference contenders fall 
into two categories: Those with domi- 
nating centers and questionable sip- 
porting casts, and those with superior 
casts except for their lack of a center. 

Put Denver’s shot-bloddng Dikembe 
Mutombo with Seattle, Phoenix and 
Golden State, perhaps even Utah, and 
there really wouldn't be much left to 
discuss. If Houston had cactus and low 
humidity, maybe Danny Manning 
would have taken SI milli on to help 
Hakeem Olajuwon win his second title, 
instead of signing on to help Charles 
Barkley get his first. 

Not only is there little sentiment for 
the Rockets’ chances to repeat, few even 
want to refer to them as defending 
champions. What did Olajuwon & Co.-do 
to deserve being promised a visit to the 
White House moments after they beat the 
New York Knicks in Game 7, only to be 
ignored the rest of the summer? 

The Rockets may yet get to the White 
House. Besides championship experi- 
ence, their situation, Vernon Maxwell 
notwithstanding, may be the most sta- 
ble. Everyone dse has got serious ques- 
tions, physical and otherwise, to answer. 

While they can’t match the firepower 
of the Suns. Sonics or Warriors, the 
Rockets do have, for starters, the 
league’s most valuable player in 
Olajuwon, a 7-foot center with the agil- 
ity of a small forward. They also have 
two young players who are getting bet- 
ter, Rohm Horry, a forward, and the 


Knick-kOler Sam Cassell, a point guard 
who can score and make the big play. 

Coach Rudy Tomjanovich’s team 
should finish ahead of San Antonio and 
Denver to win the Midwest Division. 
The Rockets' elongated frontline — 
Olajuwon, Horry and the aging Otis 
Thorpe — will make Houston a difficult 
playoff opponent for Phoenix. Manning 
or no Manning. 

Even Barkley admits being somewhat 
baffled by Phoernx management’s seem- 
ingly indifferent altitude about the 
team's alarmin g hole in the middle. Yes, 
the Chicago Bulls won three titles with 
Bill Cartwright, but they had Michael 
Jordan and Scouie Pippen. 

Barkley, who has a chronic back prob- 
lem, and Manning, who doesn't want to 
carry anyone on his back, are no Jordan 
and Pippen. And the Dan Majerle of last 
season was a shadow of the Dan Majerle 
from the one before. 

Cartwright, at least, was a career 
starter, a onetime All-Star. Danny 
Schayes and Joe Kleine, Phoenix’s cen- 
ters, wouldn’t start for New Jersey. The 
Suns will score plenty, be a regular- 
season delight and a post-season dud. 

The gravest threat to the Rockets 
could be Seattle, especially if the Super- 
Somes can last long enough in the play- 
offs to play the Rockets. Seattle's quick- 
ness creates positive matchups for them 
against Houston all over the floor. 

Deep as they are, the Sonics must first 
survive themselves. Their front office is 
shaky. If their coach, George Karl is a 
time bomb, then their stars. Shawn 
Kemp and Gary Payton, are hand gre- 


nades. Young Ervin Johnson is untested 
in the middle, and old Sam Perkins is, at 
this point, stopgap. 

The most intriguing team could be 
Golden Slate. Chris Webber missed 
camp, holding out as a restricted free 
agent. Chris M ullin (chip fracture in a 
knee) is already out six to eight weeks. 
Billy Owens and Tim Hardaway are 
hobbling. La trail SpreweQ had a near 
tragedy when one of his dogs attacked 
his young daughter. None of the War- 
riors t hinks Don Nelson will be back as 
coach next year. 

Nelson has always dreamed of having 
a center like the Spurs' David Robinson. 
Bob Hill is the new coach in San Anto- 
nio and sets to deploy the Admiral's 
diverse talents, but the penalty is having 
to deal with Dennis Rodman. 

The most harmonious team could be 
Denver, where Coach Dari Issel is look- 
ing to build on last spring's first-round 
upset of Seattle. The rookie Jalen Rose 
joins the youthful nucleus of Mutombo. 
LaPhonso Ellis, Mahmoud Abdul-Rauf. 
Brian Williams and the explosive Rob- 
ert Pack. The Nuggeis are still building, 
though 50 victories is a reasonable goal. 

Utah reached the conference finals 
last season, assuming Seattle’s seeded 
position. Karl Malone is getting tired of 
never getting beyond that point John 
Stockton is just getting tired. 

Portland won 47 games last season, 
and P J. Carles imo, the new coach, said 
he thinks the Trail Blazers can do better 
with center Chris Dudley healthy. On 
the down side, though, are Clyde Drexler, 
Buck Williams, Terry Porter and Jerome 


Kersey. The electric Rod Strickland will 
have all sorts of creative freedom, and 
Tracy Murray could emerge as the 
team's long-distance dialer. 

In Los Angeles, the Lakers are in 
rebuilding mode, and the Clippers, as 
usual, are in trouble. Cedric Ceb alios, 
George Lynch, Nick Van Exd and An- 
thony Peeler give new Laker Coach Del 
Harris a decent foundation of young 
talent to work with. BUI Fitch, 6T Cap- 
tain Video, might prefer most any tape 
to a live presentation of his Clippers, 
who now feature the Big East graduates 
Terry Dehere and Malik Sealy. 

Sacramento is getting an emotional 
lift from the return of Bobby Hurley, 
and hopes to get a full season finally 
from Walt Williams, the lottery pick of 
two years ago. 

Dallas has another supposed blue- 
chipper in Jason Kidd to add to Jamaal 
Mash bum. Dick Motta, Fitch’s peer, is 
back with the Mavs, along with center 
Roy Tarpley, reinstated after a drug 
ban. Minnesota adds Connecticut’s Don- 
yell Marshall to Christian Laettner and 
Isaiah Rider. A bumpy ride is in store for 
the Kings, Mavs ana Timberwolves. 


For investment 
information 

Read 

the MONEY REPORT 
every Saturday 
in the IHT 


SCOREBOARD 


J1VC.-V'". ..-r -i;-. . 

NBA Preseason 

Smtar'i Games 
Phoenix 99, Milwaukee VI 
Denver 99. Detroit M 
Indiana 99, Dados 86 
Sac r amento 107. Golden Stole TO 

. r'.l. 1- -r.- ’W..'. • J 

NFL Standings 

AMERICAN CONFERENCE 
East 

W L 7 Pd. PE PA 


LA. Rams 3 S 0 JH 135 154 

New Orleans 3 5 0 J75 156 208 

Sumter's Games 
Oaths 7X Ctedninti 20 
Detroit 28, N.V. Gtaito 25. OT 
Buffalo 44. Kansas City 10 
Philadelphia 31, Wa sh in gt on 79 
Miami 23. New England 3 
Denver 36. Cleveland 14 
LA. Raiders 17, Hasten 14 
Minnesota 36. Tampa Bav 13 
indlancnolis 28. N.Y. Jets 25 
San Diego 35. Seattle 15 
Arizona 20. Pittsburgh 17, OT 


CFL Standings 


Miami 
Buffalo 
n.y. Jets 


6 2 0 J50 703 14? 
5 3 0 423 178 153 


4 4 0 500 141 ISO 

Indtanapolh 4 5 0 A44 19SM1 

New England 3 5 0 J7S 178 206 

Central 


Eastern Division 

W L T PP PA Pis 
x-Balttmore 12 5 0 S4I 413 24 

x-WInnipeg 12 5 0 6U 534 24 

X-Toranio 7 10 0 476 543 14 

Ottawa 4 13 0 456 619 8 

Hamilton 4 13 0 421 S5S 8 

Shreveport 2 15 D 382 637 4 

Western Division 


a mflUaa Towr CbamptautM*. Maxed no tee 
M1fr*anipar*l Otympte Cleb course la Saa 
R mcBc q. (x-woo an nrst hale of sudftm- 
death ptayoffl: 

k -Marie McCumber. SWC006 66-71 -4*48-274 
FuZZV Zoeller. 1324000 71-49-46-68— 2 74 

Brad Bryant, 007.000 724667-68-375 

David Frost SttUOD 6669-75-66—276 

Bill Glosson. SI 31000 66-48-71-71— 276 

Jav Haas. sifflUMD 69-71-71-46-277 

Jett Maggert, 5101000 7266-76-70-278 

Loren Roberts, 171000 71-7064-76-279 

Sieve Lowery. SVXWO 6669-72-72-279 

Bruce Lielzke. 381,000 89-71-7169-280 

f- {4 

...V'l-:. 1-.'. j !>’ • ■ ... - i‘ 

ITALIAN FIRST DIV15ION 
AC Parma l. AS Roma 0 
Standings: Parma 19 paints. Lazio 17, Ju-. 
vontus 17. Roma 15. Flarentlna 15. Foggta 13, 
Bari 13. Sampdarla 11 Inter 12. Cagliari 11 
Milan 11, Torino >0. Napoli 9.Genaa8. Cretnav- 
ese 6, Padova 5. Brescia 2. Reooiono I. 

SPANISH FIRST DIVISION ? 



W 

L 

TPct.PF PA 

x -Calgary 

14 

3 

0 

673 

322 28 

Oviedo 1. Valladolid 0 

Cleveland 

6 

2 

0 

J30 180105 

«-E Antonian 

12 

5 

a 

466 

391 24 

AtleNco de Madrid 0. Beils 2 

Pittsburgh 

5 

3 

0 

-62S t4! 137 

x-Brl (.Columbia 11 

5 

1 

581 

432 23 

Compostela 7. Logronas 0 

Houston 

I 

7 

0 

.125 107 172 

SasJcafcfwwan 

10 

7 

0 

496 

448 » 

EaponoJ X Albacele 1 

anctanoll 

0 

8 

D 

.000 12! 303 

Sacramento 

8 

8 

1 

418 

436 17 

Sevilla & Sparling de Glian l 


West 

W L T Pet PP PA 
Sm Diego 7 1 o 573 220141 

Kansas City 5 3 .0 625 16*175 

LA- Raiders 4 4 0 -500 180 192 

Denver 3 5 0 J7S 1®J06 

Seattle 3 5 0 J75 168 159 

NATIONAL CONFERENCE 
East 

W L T Pet. PF PA 

Dallas 7 I a 575 210 110 

Philadelphia 6 3 0 750 192 141 

ILY.GIanls 3 3 0 .375 152 172 

Arizona 3 5 0 775 109 177 

Washington 2 7 0 722 WB342 

Central 

w L T Pet PFPA 

Minnesota 6 I 0 750 183 118 

Chicago 4 3 0 571 129129 

Detroit 4 4 0 500 155170 

Green Bav 3 4 0 *29 117 77 

Tampa Bay 2 6 0 750 109 195 

West 

W L T Pet PFPA 

Sat Francisco 6 7 0 750 237 150 

Atlanta 4 4 0 500 158 184 


Las Vegas 5 12 0 437 571 10 

x-cnnched playoff berth 
Sunday's Conte 
COtgorv47, Hamilton HI 

... ifSTi • . .*?!v -. ) 

: . .1, * •. ■-= -■>' > • ' •• i - 

VOLVO MASTERS 

Final scares Sunday of the Vgtro Masters, 
played an the &U3-yant pom VaMerroma 
Gail Club coarse in Sahwoode. Spate: 
Bernhard Longer, Germany, 7762-73-76—776 
Save Ballesteros. Spain. 69-47-66-73—777 
Vllcy Singh. Fill, 71-70-7066-777 

Miguel Angel Jimenez. Spottv 65- 73-72-71— 278 
Colin Mantgamarie, Seal lend, 69-65-72-72— 278 
Mark McNUlty, Zimbabwe, 706969-71—279 
Constantino Rocca Italy, 89-7267-73—281 
Ian Woosnom. Wales. 68-6»-7>72— 282 
Jose Maria Ohuobai. Spain. 70-70-71-71 — 282 
Frank Nablto. New Zealand. 7069-73-71—303 
PGA TOUR CHAMPIONSHIP 


Standings; Zaragoza 14 points. Deport I vo 
La Coruna U Real Madrid 12. Barcelona 12, 
Athletic de Bilbao li Betls ll. Espanoi io. 
Tenerife 10, Valencia ML Sevilla 9. Compostela 
*. Sport teg da gi ion 9, Celia 8. Real Socfcdod7, 
Oviedo 7, Albacele 7, Valladolid 7. Allellca de 
Madrid 5. Racing de Santander 4 Lwrones X 


THIRD TEST 

Ztabefcwe vs. Sri Lanka, last day 
Monday, In Mware 
Sri tanka Second Innings 89-3 
Match abandoned due to rate 
Result; Match drawn 


7 


BASKETBALL 

rfaffaoai Basketball Association 
ATLANTA— waived Alan Ogg. center, and 




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Dolphins’ Grunts Whip Patriots 


■; ' " " «tjr>c fiilLn'Rmoi 

Derrick Alexander, with Randy Fuller hanging on, got his two-point conversion but the Browns fell short in Denver. 

wuti;- 

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Nebraska Overtakes Penn State as No. 1 


I ; By William N. Wallace 

New York Times Service 

; NEW YORK — The college 
football leviathans have risen to 
the top, and both are contem- 
plating undefeated seasons — 
and the possibility of laying 
- claim to the mythical national 


wii. 

r (. f a : * 
i Mint ' 

rj' 

inct i&L 
OUL'pffj 
ai'.urri^ 
rr>j’U3,V 


Nebraska, coming off a con- 
vincing 24-7 .victory over Colo- 
rado on Saturday, is now 
ranked No. T by Hie Associat- 
ed Press. Penn State, which 
crushed Ohio. State by 63-14, 
slipped to No. 2. 

-Penn State has a two-game 
advantage in the loss cohmm in 


the Big Ten standings, with four 
conference games remaining — 
against Indiana and niinnis 
away, then at home against 
Northwestern and Michigan 
State. Those four opponents 
have a collective record of 16- 
15-1. Nebraska’s future oppo- 
nents — Kansas, Iowa State 
and Oklahoma — are 9-14-1. 

The final polls, to be taken 
after the major bowl games on 
Jan. 2, will determine the na- 
tional champion, and Nebraska 
may inherit an advantage. 

If all goes well for the Cora- 
huskers, they will play in the 
Orange Bowl as the Big Eight 


IDELINES 


^WASHINGTON (AP) World 400-meter record holder 
KjButtii Reynolds’s legal battle with the International Amateur 
fe^fttfajetic Federation was ended Monday when the Supreme Court 
p Nocked bid 4o-coBed-427.4 nrillieh in damages for being 
^-tAtredirora the 1992 Olympics over a disputed drug test 

turned down Reynolds’ aigu- 
F- iinw m that all Sconrt had the authority to order the governing 
fi body of international athletics to pay da m ages. 
fcV\ Reynolds could not be reached to comment An IAAF spokes- 
L rton Christopher Winner, said in Monte Carlo that “it’s a great 

I* idief for ^ those involved ... that this issue will no longer stand 

F as a Damocles swoid over the sport” • t 

i Reynolds, a gold and silver medalist in the 1988 Olympics, was 
£ suspended by the IAAF in 1990. It .said be had tested positive for 
f steroids after a trade meet in Monte Carlo. He contended the test 
i was faulty, and the U.S. track and field governing body exonerat- 
‘ ed hint Bof an. IAAF arbitration panel ruled in 1992 m London 
♦hat the drug test vims valid, and upheld Reynolds suspension, 

• which kept inh out of the Barcelona Olympics. 

i For the Record 

t r Karl Wcndfincer, the Austrian driver seriously injured in May 
^has, on the advice of doctors, decided to postpone his Formula 
1 One comeback, Swiss television reported. j neuters) 

?'• Mats Sundm, of the Toronto Maple Leafs, bempe the latest 
J-NHL player Krrcgom his former Swedish dub. Djurgarden^of 

of Australia and Jean Luc Van den Heede of 

£ fence reached Cage Town on Sunday to W1 

r BOC. Challenge. Chrisiophe Augran of France, the 1990 -iyyi 
BOC champion, crossed the line Friday. \*n 

Quotable 

l?..r • Dipper Phelps, the former Notre Dame basketball coach: 
P; “Mv father was an undertaker. There are advantages. For m- 
I stance, while I dated my wife, I sent her flowers every day. 


champions against a high- 
ranked team such as Miami, the 
likely Big East champion, or 
Florida State, which has a solid 
grip on the Atlantic Coast Con- 
ference crown. 

But Penn State must go to the 
Rose Bowl as the Big Ten cham- 
pion and play the Pacific- 10 
Conference winner, which 
probably won't be ranked 
among the nation’s top 10. The 
irony is that the Nittany Lions, 
so eager tojoin the Big Ten with 
the Rose Bowl as a goal, may 
now be deprived of a greater 
prize, a national championship. 

History indicates that if both 
the Comhuskers and the Nit- 
tany Lions should win on Jan. 
2, more first-place votes will go 
to Nebraska because of defeat- 
ing a higher-ranked opponent, 
even if Penn State were to 
trounce its opponent — Ore- 
gon, say — by 50-0. 

In the Pac-10, four teams are 
tied for first with 4- 1 conference 
records: Arizona. Oregon, 
Southern California and Wash- 
ington State. This knot came 
about when Oregon upset Ari- 
zona, 10-9, on Saturday. 

The highest-ranked of those 
four Washington State. No. 16 
in the AP poll. Oregon, is 2ist. 

Fj*cH of the four has three 
conference games left, and a 
key one on Saturday will be 
Washington State at home 
against Southern California. 
Oregon, which last played in the 
Rose Bowl in 1958, has the easi- 
est route to Pasadena with future 
games against Arizona State, 
Stanford and Oregon State, all 
of which have losing records. 

With the coming of Novem- 
ber, there is other unfinished 
business among the elite. 

Miami, for example, has a 
date in the Carrier Dome on 
Saturday against Syracuse. 
Both teams are playing well, the 
Hurricanes superbly on de- 
fense, bolding Virginia Tech to 
a minus 14 yards rushing. The 
Orangemen had a week off to 
contemplate Miami. 

Florida State, which has big 
games ahead against Notre 
Dame and Florida, brought 


TheAPTop25 

The Associated Press college football poll, 
with flrst-atocr *ot« in parentheses, recants 
through Oct. 79, total points hosed on 25 for o 
HrsHHoce vote through one for a zstb-otace 
vote, and rank loo Fn Itw previous pan: 



Record 

Pis 

Pv 

1. Nebraska (S3) 

H4 

1.520 

3 

2 Pm St. 1281 

7-0-0 

1316 

1 

3. Auburn (i> 

644 

1327 

4 

4. Florida 

6-14 

1322 

S 

5. Miami 

6-14 

1367 

6 

L Alabama 

644 

1321 

■ 

7. Colorado 

7-14 

1314 

2 

B, Florida St. 

6-14 

1,167 

9 

9. Utah 

644 

1333 

12 

ID. Syracuse 

6-14 

892 

14 

11. Texas A&M 

741 

861 

7 

12. wasiiinglon 

6-24 

806 

15 

IX Virginia 

6-14 

74* 

11 

U. Colorado SL 

7-14 

723 

17 

IX Kansas St. 

5-24 

640 

23 

IX Wcshlnoton SL 

+54 

567 

22 

17. Virginia Tech 

7-24 

512 

13 

IX Artoreia 

6-24 

S04 

11 

19. North Carolina 

6-24 

<73 

24 

2X Michigan 

540 

435 

10 

21. Oregon 

6-34 

373 

— 

22. Southern Cal 

5-24 

278 

2S 

23. Duke 

7-14 

270 

Se 

24. Mississippi 51. 

6-24 

119 

— 

25. Brigham Young 

7-24 

64 

20 


Others receiving votes: Soslon College O. 
i illrois 39. Hrt-g Dome a Ohio Stole 29. Wis- 
consin 29. Baylor 19, TenOS 17. Bowling Green 
16. North Carolina Slate 10. 


previously unbeaten Duke to 
earth witfi a 59-20 victory. Quar- 
terback Danny Kanell regained 
confidence by passing for 394 
yards and three touchdowns be- j 
fore leaving in the third quarter. 

Meanwhile, just when it 
looked as if Steve McNair’s im- 
probable Heisman campaign 
was in a shambles, he passed for 
563 yards and four touchdowns 
and ran for two more scores as 
Alcorn Slate rallied from a 29- 
poinl deficit in the second half to 
tie Samford, 45-45. In the pro- : 
cess, McNair broke Neil Lo- 
max’s collegiate passi n g record, 
finishing the day with a total of 
13,487 yards. Lomax threw for 
13,220 yards for Portland State 
from 1*77-80. 


To our readers In France 

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| High-Flying Miami 
Wins in Trench es 


By Timothy W. Smith 

,VfH- York Tima Scmce 

FOX BORO, Massachusetts — It was 
supposed to be a shootout between the fly 
boys, the two rocket-armed quarterbacks, 
Miami's Dan Marino and New England's 
Drew Bledsoe. 

But it turned into a day for the foot 
soldiers, primarily the Dolphins' kicker, 
Pete Stoyanovich, and running back Ber- 
nie Parmalee. as they led the way to a 23-3 
viclory Sunday. 

Stoyanovich kicked field goals of 44, 50 
and 48 yards, and Parmalee had his second 
consecutive 100-yaid rushing performance 
as the Dolphins' defense virtually shut 
down the Patriots’ high-flying offense, 
which was averaging 397.4 yards and 25 
points a game. 

The Dolphins <6 -2) maintained their 
one-game lead over the Buffalo Bills in the 
AFC East division, while the Patriots 
dropped to 3-5. 

Both teams were coming off bye weeks, 
but it looked as if the Patriots were still on 
vacation. Bledsoe entered the game with 

NFL ROUNDUP 

2,314 yards passing, the most in the Na- 
tional Football League, and had thrown 14 
touchdown passes. But he looked lost 
against the Dolphins as he completed just 
16 of 33 passes for 125 yards and threw 
three interceptions. 

The Dolphins, meanwhile, who have 
been looking for a consistent rushing at- 
tack ever since Terry Kirby went down 
with a knee injury against the Vikings in 
the fourth game of the season, got a strong 
effort from Parmalee. 

With the 150 yards he had against the 
Raiders and the 123 yards he picked up 
against the Patriots, Parmalee set a Dol- 
phins record for most rushing yards in 
back-to-back games, breaking the mark of 
258 set by Mercury Morris in 1 973. Parma- 
lee played most of the game with a dislo- 
cated right thumb. 

Said Maurice Hurst, the Patriots’ right 
cornerback: “Coming into the game, 1 
thought Parmalee could do a little some- 
thing after looking at him on film. But 
their offensive line was really fired up 
knowing that they have a back who's going 
to get an extra 3 or 4 yards after he hits the 
line of scrimmage." 

In the first half, Marino and his receiv- 
ers seemed to be reading from different 
game plans. Once, in the first quarter, 
Marino threw a deep ball to Mark Ingram, 
who looked as if he was running a come- 
back route. Bledsoe, meanwhile, compiet- 








J - r- ^ ***» 


Sam Mirctmcfc. R*ulm. 

Spencer THknan saw the ball bound off, the Oilers saw victory bounce away. 


ed just 6 of 13 passes for 49 yards and 
threw two interceptions. 

■ In other games. The Associated Press 
reported: 

Chargers 35, Seahawks 15: San Diego, 
playing at home, got back on track after its 
first defeat as safety Stanley Richard 
forced two fumbles by Chris Warren that 
set up touchdowns. 

After the Charger quarterback, Stan 
Humphries, dislocated his left elbow — he 
is questionable for next Sunday — Gale 
Gilbert threw two touchdown passes in the 
fourth quarter. Natrone Means rushed 26 
times for 104 yards and one score and 
became the first running back in team 
history to get four straight 100-yard games. 

Bitiocos 26, Browns 14: Denver ended 
its four-game slide at borne as John Elway, 
ending Cleveland's five-game winning 
streak, was 30-for-41 for 349 yards and two 
touchdowns as the Broncos gained 457 
yards. 

“Ever since I hurt my thumb” — against 
Seattle three weeks ago — *Tve been 
throwing the ball a lot better,” Elway said. 
“Figure that out.” 

Cleveland lost its quarterback. Vinny 
Testaverde, with a neck sprain. 

rjinfinak 20, Steders 17: Greg Davis 
kicked a 51 -yard field goal 1:40 into over- 
time, which was set up when Pittsburgh 
rookie Charles Johnson fumbled the kick- 
off beginning the extra period. David Mer- 
ritt recovered at the Pittsburgh 32. 

Gary Anderson's 23-yard field goal with 
47 seconds left tied the score for the visit- 
ing Steelers. 

Colts 28, Jets 25: Marshall Faulk rushed 
24 times for 1 10 yards and two TDs in 
Indianapolis* while Don Majkowski, start- 
ing his first game in two years, threw for a 
touchdown and ran for another as the 
Colts overcame five turnovers. 


Vikings 36, Buccaneers 13: Cornerback 
Anthony Parker scored his third touch- 
down in the last three games, returning an 
interception 41 yards in Tampa, and the 
Vikings forced five turnovers. Terry Allen 
rushed for 1 13 yards and one score. 

Raiders 17, Oilers 14: Al Del Greco's 52- 
yard fidd goal attempt on the last play of 
the name mt the crossbar in Los Angeles. 

The Oilers had gpne in front, 14-10, on 
Billy Joe Tolliver’s 7-yard pass to Haywood 
Jeffires with 3:19 lefL But Jeff Hostetler 
threw an 1 1-yard touchdown pass to Tim 
Brown with 1 :50 to go for the Raiders. 

Min earlier games, reported in some 
Monday editions: 

BBb 44, Chiefs 10: Bruce Smith forced 
an interception and recovered one of Joe 
Montana’s two fumbles and Jim Kelly 
threw four touchdown passes against visit- 
ing Kansas City. 

Cowboys 23, Bengals 20: Host Cincin- 
nati gave the two-time Super Bowl cham- 
pion Cowboys a scare, building a 14-0 lead 
on 67- and 55-yard scoring passes to Dar- 
nay Scott from Jeff Blake, a third-stringer 
making his first pro start. 

Then Dallas rallied on touchdown 
passes of 27 yards to Alvin Harper and 10 
yards to Michael Irvin from Troy Aikman. 

Eagles 31, R edskins 29: Randall Cun- 
ningham moved Philadelphia 63 yards to 
set up a 30-yard field goal by Eddie Mur- 
ray with 19 seconds left in Washington. 
Cunningham hit 9 of 14 passes for 113 
yards after halftime as the Eagles rallied. 

Lions 28, Giants 25: Visiting Detroit 
became the first NFL team to win three 
overtime games in a season, Barry Sanders 
rushed for 146 yards and became the 
NFL’s first 1,000-yard rusher this season, 
Herman Moore had nine catches for 106 
yards and Jason Hanson kicked a 24-yard 
field with 8:17 left in overtime. 



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20 


INTERNATIONAL HE2tAJS>TRE6UT^E, 


ART BUCHWALD 


Virginia Rat Race 


TITASHJNGTON — The 
▼▼ Senate race in Virginia is 
wing up. with both OUic 
North and Chuck Robb turning 
it mto a rat race, 

■The rn^jor political issue is 
troth. Snce North was convict- 
ed to of 1^*3 

to Robb, who has only beta 
accused of be- 
ing untruthful 
by (he media, 

North has the 
edge in the 



To support 
him a group of 
citizens has 
started ft "Fin- 
gers Crossed 
forOffitf’cnm- Rodm*] 

puna. 

The organizer, A. Gilmore 
Flues, maintains that there arc a 
k>t more Han in Virginia fo a n 
anyone realizes, “if we can get 
there people out on Election 

Dot, we can win.” 

**You would really be provid- 
ing a service for those who just 
don’t have the truth in them,” I 
told Mm. 

Gil said, "The other day we 
got EUioti Abrams to dimb on 
the Qffie bandwagon. If you re- 
call, Abrams was convicted of 
lying to Congress about Nicara- 
gua and received a two-year 
suspended sentence. When he 
fame out of the doset for 
North, a lot of voters who had 
never told the truth in their lives 
were terribly impressed that a 
person who perjured himself 


DaU Theft in Sl Petersburg 

Arum 

ST. PETERSBURG — A 
grid and amethyst statuette by 
Salvador Dali was stolen from 
an art sale in St. Petersburg, po- 
lice said on Monday. Spokes- 
man Igor Komnusarov said the 
statuette, called “Isis," was sto- 
len from the city’s Exhibition 
Hall last week. 


before Congress would endorse 
a candidate." 

"How do we know that 
Abrams was Idling the truth 
when he said that CHlie was not 
involved m drug smuggling at 
the same time as he was trading 
arms for hostages?" 

“If Abrams was lying,, we 
can't hold it against him be- 
cause he has already paid his 
debt to sodety for lying about 
something dse.” 

O 

“Why arc voters so influ- 
enced by a candidate who has 
admitted that he played fast 
and loose with the facts?” 1 
asked GiL 

"North represents the feel- 
good side of America — the 
people who will look you 
straight in the eye and say, Tm 
going to toil you something, and 
u you don't believe me, then 
you might as wdl burn the 
American flag and the presi- 
dent wdi it. 

“President Reagan believes 
that North is a liar." 

“But Senator Bob Dole says 
that it doesn’t matter.” 

“Senator John Warner thinks 
that North is a threat to the 
Republican Party.” 

□ 

“Former Secretary of Trea- 
sury Jim Baker, who wants to 
be president, believes that 
North is as wholesome as white 
bread. Our job is to persuade 
the good citizens of Virginia 
that OUie is the best man for the 
job because if he lied to the 
Senate as an Iraa&ate witness, 
there's no telling what he can do 
in Congress when he’s one of 
them.” 

I said, *‘J guess what makes 
this safe for North is that when 
you run for the Senate you 
don't have to take an oath that 
you will tel! the truth, the whole 
truth and nothing but the truth, 
so help you God." 

Gil smiled, “Not even Pat 
Robertson expects Ollie to do 
that." 


By David Sparuer 
ONDON — Priscilla Namier is 


and! hast - ' 


makeup of 


verse and self-published by the 8c- 
year-old author, is being called a tri- 
umph by the poet Tea Hughes. 

Praising her “peculiar gift tor writ- 
ing dramatic verse” in a way that is 
both vernacular and lofty, Hughes 
wail further. Napier, he wrote, has 
internalized England's history as her 
own history. It is a poem, so he 
Claimed, for those who feel “England’s 
history, in all its details, is somehow 
their own personal, secret history." 

The direct, simpl e, s pontaneous 
evocation of Henzy VTITs character, 
and of men and women around him, 
in Napier's version, is neither modem 
nor archaic. Here is the fust glimpse 
the story gives of Anne Boleyn: 
And in this dark-haired girl 
Something of Wallis Simpson was 


the back at that time from a 


Foreign and navel and as smart as 
paint. 

Ana heartily disliked by other 
women ; 

The liveliness, the wu, the repar- 
tee. 

The difference (not in any manner 
quaint b 

She .had the sauce to answer NoJ 
and No! 

The strength to turn the slender 
back and go. 

Later, Anne Boleyn’s slender neck 
was laid across the the executioner’s 
Mock, as befell so many men and 
women whom the king suspected of 
treachery. "The only mercy she re- 
ceived of me,” confides Henry in the 
poem. “Was a skilled executioner 
from Calais/ With a well-sharpened 
sword;/ Who severed that long 
neck l In one clean blow.” 

“I first started writing it at Oxford, 
in the late 70 s, and the poem has 
grown, vary- spasmodically, since 
then,” Napier explains, at home in her 
gingerbread oottage in the English 
countryside. “It's a funny thing. 1 have 
been writing all my life and I don’t 
think I have altered in any way. I have 


) Italy 

and th o u ght bow beastly the Church 
was then to the poo: Italians and 
Spanish. It bulbed the poor so much. 

“Henry had the guts to stand up to 
it all The challenge to hhnwas just as 
powerful as from the Communist 
state in our day, and just as menac- 
ing. It was as if Cuba-had smod up to 
the United States, without having 
Russia in the background.” 

Encouraged by friends, Napier de- 
cided to publish the ballad herself . 
The cost was formidable, £6,000. 
(nearly $10,000) and she is not sure 
how far the pile of books in her 
upstairs cupboard will go down. 
“Any money I make out of my books, 
I plow bads into a literary account,” 
she says. Her next prqjectls to write a ■ 
life of one of her forebears, an admi- 
ral who sailed with Nelson. 

A reviewer m the weddy The Spec- 
tator compared Napier’s portrait of 
Henry Vul to Holbein’s painting 
and the film portrayal by Charles 
Laughton, and doubted whether any- 
one would ever better convey what n 
was that drove that very driven man. 
Certainly she makes a good defense 
for the king, especially xn the evoca- 
tion of his religious feeling, winch 
continued throughout his life. But 
she is far from dazzled by him. 

“I can’t make out a case for him as a 
good man,” she said. “He was rather 
fiendish. He got handed absolute 
power at the age of 18 . Wouldn’t any- 
one be like that? 1 don’t really know 
what made him tick, except this abso- 
lute passion to have a son and his 
detennhiation to teem England out of 
the power of the Habsburg Empire 
and of France. It was a very powerful 
feeling, be must have a son, an un- 
questioned male heir. If his enemies 
could have got across die Channel, 
there would have been havoc.” 

Napier believes it was the Rhesus 
factor that prevented all but one of 
Catherine and Henry’s eight children 
from surviving. “Of course they didn’t 








Vm and Sir Thomas Wyatt* explores the 
sexual and moral makeup of Henry VUL 


<Mn*LMdM 


know about blood incompatibility 
then. If you 5 ve in a superstitious age, 
then you might come to think you 
were erased and that you were not 
really married or should not have been 
married. ‘Therefore we are living in 
sin.'” Napier adds frankly; “How 
does one know what he thinks? His 
conduct took the terrible form of kill- 
ing everyone wbo might be a thicat to 
him " Henry himself remarks, with 
subtle insight, in the poem: “Men will 
invent thnr women to their liking.” 

The hero of her ballad is really the 
poet Sir Thomas Wyatt, who was 
Anne Boleyn’s lover before Henry and 
who had the courage “to leC the king 
the news he would not hear,” that 
Anne was not suitable to be his future 
queen. Wyatt was locked up in the 
Tower three times for hispains, on 
trumped up accusations. The details 


of Ids dispatches to Henry from his 
ambassadorial posts in Madrid and 

Perin faotnnntmg reading m thm 

own right One comraem from a possi- 
ble spouse, the Duchess of Milan, Wy- 
att did not pass on to Hemy: 
She’d be weB content to marry 
With royal Harry 

Were she two-headed, but she 
■ must decline 
PoBrefy but quite firmly. 

Having a single head. 

As to whether hex-verse is also an 
expression of a deeply emotional pri- 
vate life (as Ted Hughes suggests in 
his foreword), Napier is quite dis- 
arming. 

“One just does not know where 
one’s impulses come from,” she says. 
“I was blissfully happy for five years, 
unto my husband was killed in the 


war, in command of his destroyer. 1 J 
have been a widow since then. M 
haven't had affairs or the desire to 
have love affairs or anything. Rather 
a pity, because I think one needs all 
that. I have three children, all mar- 
ried and happily chugging along. 

“Tm so fed up with all that Politi- 
cal Correctness. IPs gone to the other 
extreme, ludicrous. You know ‘men 
are such beasts.’ I don’t mind a bit 
being called a chauvinist pig." She 
chuckles again. “The book is. really 
an attempt to sec Henry in the light 
of his own day, and not through the 
mesh of feminist passion that would 
have been incomprehensible to him 
and his contemporaries.” : 

. David Sportier is a.freekmee jour- 
nalist based in London. 


WEATHER 


PEOPLE 


Europe 


Forecast for Wednesday through Friday, as provided by Accu-Woattier. 


Cota DM Sol 

Outfit 

EdMbutfi 


Lot Mum 

(Mon 


Tod*? 
HM> Low 
or or 
an m«t 
12*83 TM* 

ant am 

34/79 MO? 

2 ino tarn 
2303 IM 
12 Q 3 3/37 

1*07 *m 
1889 7 M 4 

a«s a/43 

23/71 1702 

no? sob 

1102 7/44 

2100 1203 
1308 SMI 
1407 AMS 
7 M 4 400 
23/73 1407 
2807 2008 
21/70 MMB* 
T 4 W 5/41 
1 BOO 1103 
HIM 1182 

vm am 

1308 4/31 
21770 1308 

•ms * m 

(MB 1702 
1487 7 M* 

1306 403 
4 OB 307 
73/73 I lOl 
7U* 40 * 

7 <44 4/38 
1303 408 
7 M 4 SMI 
2008 1203 

unit n 44 

1407 401 

LLOB 7/44 


W Htoh 
OF 
pc 23/73 
pc 1487 

• 24/78 

• M /79 
pc «/ 71 
a 1004 
e 1108 
a 7989 
pc 1487 
Ml OMB 
pc 24/78 
a 1080 
Mi 1203 
a 1804 
0 1203 
pc M 87 
r 7 /M 

■ 33/78 
pc as/n : 
PC 2008 
pc 1808 
PC 1804 
pe 1804 

• am 
0 1308 
PC 1806 
r 0/43 
pc 21/70 

■ MIS 7 
e 1203 

id aus 

a 19 /M 
lb 7144 
r 8*43 
pc 1407 
f 7/44 
PB 18/84 
pc 1203 
C 1103 
C 1407 



North America 
A chilly rain will 80tk the 
region from Malm through 
the Canadian Maritimas 
Wadheaday into Thursday. 
Warm and humid weather 
wfi auiua northward through 
tho southern PWna and Mn< 
•lislppl Vallay later Itils 
nnk. Thundanhwnira uriD 
break out from Kansas CSy 
to CMcsga 


UnaaaqNt* 

MX 


Europe 

Gusty winds and /am wU tw 
common from tha British 
W« to w mm wi Norway Otfr 
Itils weak. Par* through 
Amsterdam win tw windy 
and riM wVi a few sftowws 
possible late In die week. 
Geneva through Berlin win 
be partly sunrw and warm 
iata this week. Romo wffl be 
stsmy and veiy warm. 


Asia 

Be png and Seotf wfB have 

S , pleasant weather late 
week. Shanghai through 
Hong Kong will be partly 
sunny and warm. Clouds 
and showers In Tokyo 87 
midweek will gh/e way to 
stnty. seasonable weather 
Friday. Bangkok through 
Manila wA have why 
weather Ha this week. 


Mgh Tw UM w 
OF OF 
28 <84 23/73 pc 
1884 208 a 

27 /M 21/70 pa 
3088 24/78 pa 
3381 14/57 • 
17/82 400 a 
21/70 WOO • 
*381 34/75 DC 
28/79 1782 pc 
1 S 88 1283 tfi 


23/73 1884 ak 28/72 1084 r> 
1780 1782 a 81 /M 1884 a 
22 m 1881 pc 28178 1487 a 
1884 8/48 1 23/71 IMS pa 
2984 02/73 pa 2884 M /79 I 
21/70 1080 pc MOT 1283 ■ 
26 OT 1388 • DOT M 81 • 


Middle East 


Oceania 


Today Tenunuw 

tflgfa Low W W* Low W 
cm Of OF CF 

28 OT 22/71 pc 28/77 2088 t 
23/13 17 82 he 23/73 1*87 pc 
21/70 IB 8 t c 21 OT 1080 I 
22*71 1988 pc 2170 14.97 | 
23 OT 1881 pc 2780 1388 ■ 
3381 2088 a 3288 31/70 a 


Latin America 

Today Tomonow 

Mg* Low W HV Low W 
cm Of OF OF 
Bumoa/WM MOT 1385 Ni 23 OT 118 ? » 

Com 2882 18*4 pc 28<82 1884 pc 

Lima 1888 1881 pc 1888 1881 pa 

MwjcdCBv 22/71 8MB * 22/71 8*48 pc 

todokmiD 28-79 21/70 pc 28 OT 21/70 Ft 

SarrMgo 72/71 10*90 • 28 OT 12*93 pc 


r*80 1983 • 1888 174U • 
21170 1283 pc 22/71 1388 ah 


Upon* •auny. pppawy dandy. odnudy. ca-Wow am. w m ow w oo m . earn . F mow Sanaa 
■new*, hoi. m-Waalw. A» iim w . Iw a r oma o wl if f pre i W et l h» Accu W aa Bi or . too. ft 


North America 


Houaon 

LaaAngdaa 

yw 


Team 

WMMngm 


A. JADE necklace, once owned by the 
jrYlate Wootworth heiress Barbara Hut- 
ton, was sold Monday for $ 4 JZ million at a 
Christie's auction in Hong Kong. ’Hie auc- 
tion house said the necklace, consisting of 
27 jade brads with a Cartier ruby and 
diamond clasp, was bought by the Hong 
Kong jewelry firm Trio Pearl Hutton ac- 
quired the necklace before World War EL 
□ 

He's a welcome guest on Howard Stem's 
show and a constant source of amusement 
to David Lettenmn. But quiet Croton-on-. 
Hudson, New Yoik, would prefer that Joey 
Buttafooco just go away, village officials 
are threatening to rescind a Elm permit 
granted to Cold Grey Entertainment for 
“Cul-de-Sac” if Buttafuoco comes to town. 
The movie is about two men who witness a 
murder in a forest. Buttafuoco plays a taxi 
driver. “We're a way peaceful, tranquil 
quiet, pristine community,'' Georgfanna 
Chant; village trustee, told The New York 
Times. “1 would not invite Joey Buttafuoco 
into my home. I don’t necessarily think he 
should be invited into our village." 

□ 


roving representative 


is trying to get a job 
ive for Unicef, the 1 


the Lon- 


don newspaper Today said. The tabloid 
said she raised the issue with her friend 
Luda Fleefaa de limn, the wife of the 
Brazilian ambassador to the United States, 
when the princess visited Washington. 

■ □ 

Anna Paqoin, who won an Oscar for her 
role as the daughter in “The Piano,” is 
considering a role in a movie version of the 
children’s classic “Pinocdria” The 12 -year- 
old’s agent said Monday that Frands Fonl 
Coppola wants her for his film, due to be 
shot in England next year. Ppcrain, who had 
neves' acted profesaonally before *Thc Pi- 
ano,” has signed , with the Los Aogdes- 
based William Moms agency to help cope 
with a flood of offers firan producers. 

□ • 

George Jones has taken up bicycling and 
pot away his cigarettes, as he recovers from 
triple-bypass heart surgery. The country 
singer has also been logging sane miles an 
the treadmill. Jones, whose drinking esca- 
pades are famous; said smoking was his 
final vice. “It’s getting easier every day,” he 
said an The Nashville Network, a cable ^ TV 
station. *T tefl you, no more vices for George 
Jones." He underwent heart surgery oa 
Sept 12, b is 63d birthday. 



. MB** TTwflCT/TUwm 

STAGE HUG — Whoopi GoMherg. 
gets a hug from President HI CEnton 
on the stage at Ford’s Theatre in 
Washington. Goldberg appeared in' 
the gala Festival at Ford's, which. will' 
he broadcast on TV m December.